The Takeaway

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Oil Prices, the Stock Market and Your Pocketbook

Is the rise in oil prices good for the economy or a sign of impending inflation?

Wednesday, June 10, 2009

The price of oil has risen to just over $71 dollars a barrel, which is a high point for the year. This is good news for a global commodity that has seen its prices drop by 100 percent in the past three months. But the price increase could hit American's pocketbooks hard. Mark Gregory, international business reporter for our partners the BBC, joins us with his analysis.

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