Oil heads back toward $70 a barrelConsequences for global economy could be grave, resulting in ‘substantial falloff in discretionary spending,’ serious slowdown Brad Foss Associated Press Business Writer
Oil prices appear headed back toward $70 a barrel, a level not seen since Hurricane Katrina battered the Gulf Coast, and sporadic shortages have raised gasoline prices in the United States.
While last summer’s price spike triggered outrage in Congress and hurt sport utility vehicle sales, it caused....
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Jolt could produce slowdown Analyst: prices not likely to retreat Gasoline could hit $3 U.S. recession would likely reverberate
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