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The high cost of oil

Violence and political unrest in the Middle East continue to affect crude oil prices and may trigger even tougher times for the recovering U.S. economy.

Violence and political unrest in the Middle East continue to affect crude oil prices and may trigger even tougher times for the recovering U.S. economy.

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Crude oil prices break $100 a barrel amid Libya unrest
Article | Crude oil prices break through the $100-a-barrel mark, and gasoline prices climb, as violence continues to rock Libya and unsettle oil markets.
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Fed will respond if oil prices trigger inflation, Bernanke says
Article | Federal Reserve Chairman Ben S. Bernanke said Tuesday for the first time that the central bank is prepared to take action if rising prices for oil and other commodities either slow the economy or spark inflation.
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Libya continues to roil oil prices
Article | Crude oil prices in New York broke through the $100-a-barrel threshold Thursday as violence in Libya continued to shake world financial markets and threatened to sidetrack the U.S. economic recovery.

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