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Rising Oil Prices Threaten to Cripple U.S. Recovery

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Just as the U.S. economy is gathering strength, rising oil prices are endangering the recovery. On the New York Mercantile Exchange last week, oil futures jumped $1.06, to $101.80 a barrel. Many analysts attributed a surprise drop in consumer confidence reported in a University of Michigan study to higher gasoline prices.

Source: AGC SmartBrief e-newsletter for February 16 which included this Associated Press article that was posted in The (Toronto) Globe and Mail.


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