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Report: Surge in oil prices could derail economic recovery
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04/26/11 05:08 PM ET
A major surge in oil prices could derail the U.S. economic recovery, the Associated Press reported Tuesday.
Here’s the key takeaway from the AP story, which is based on a survey of top economists:
“The one factor that could make a second recession a possibility would be a jump in oil prices to $150 a barrel, economists say. Oil trades at about $112 a barrel now. The record high, set in the summer of 2008, is about $147 a barrel.”
