BUSINESS
12/02/2014 10:54 am ET

As Oil Prices Plunge, Wide-ranging Effects For Consumers And The Global Economy - The Washington Post

David McNew via Getty Images

Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan — and for American consumers at the start of the peak shopping season.

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