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Oil Prices 'Doing Significant Damage' To U.S. Economy, Moody's Says

AP | PAUL WISEMAN | Posted 06.06.2011 | Business

WASHINGTON — Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy's gains. Some econo...

Japan's Nuclear Crisis Leads To Plummeting Oil Prices

AP | PABLO GORONDI | Posted 05.25.2011 | Business

NEW YORK — Oil prices fell sharply Tuesday on deepening fears about Japan's economy after its nuclear crisis worsened following a devastating ea...

Oil Prices Climb As Libyan Violence Intensifies

Reuters | Claire Milhench | Posted 05.25.2011 | Business

(Reuters) - Crude oil rose on Friday, with Brent pushing toward $116 a barrel, as Libyan security forces began a violent crackdown on protesters in ...

How Do Oil Shocks Cause Recessions?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Oil prices caused the last recession, and oil prices will cause the next one as well. In fact, this time around, oil prices are rising much earlier.

How Sustainable Is Growth With Triple-Digit Oil Prices?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Every major global recession over the last forty years has had oil's fingerprints all over it. So why should we expect our next rendezvous to yield any different results?