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Price of crude fluctuates as the dollar weakens and a report shows China’s demand for energy recovering.

Source: CNNMoney.com

Date: 5/22/2009

Keys: Economics, stock markets, GDP

Link: http://money.cnn.com/2009/05/22/markets/oil/index.htm?postversion=2009052210

Questions for discussion:

  • Why does the price of oil affect the economy as much as it does?
  • If oil prices are rising, why can that be interpreted as “a good thing”?
  • How can oil prices influence some car buyers?

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