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June 27, 2005

Oil prices top $60 a barrel

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Posted by Dominic Basulto

oil.jpg

Does oil at $60 a barrel scare you? How about $70? At what price does the U.S. become susceptible to an oil shock? Remember, Wall Street analysts have been talking about oil at $100 a barrel for months. To get up to speed on the topic - or perhaps to prepare for a Hamptons cocktail party at a hedge fund manager's palatial spread:

BBC News
: What does $60 a barrel mean to you?

Paul Schiff of Euro Pacific Capital: The U.S. is as vulnerable as ever to an oil shock

Guardian UK: The black stuff has world order over a barrel

Reuters
: U.S. economy healthy despite high oil

CNN/Money: Oil spike will lead to $3 gas

(Photo credit: Flickr)

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