Light crude oil prices have been climbing in the last few days, closing the week at $88.94 per barrel on the NYMEX. If prices climb high enough, it could damage the still-weak economy by raising the costs of gasoline, jet fuel and petroleum-based chemicals. How high is too high?
Continue reading Climbing Oil Prices Could Threaten Fragile Economic Recovery
Climbing Oil Prices Could Threaten Fragile Economic Recovery originally appeared on DailyFinance on Sat, 04 Dec 2010 14:30:00.
Filed Under: Energy, Economy, Exxon Mobil