Rising Oil Prices Threaten to Cripple U.S. Recovery

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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