Oil hovers above $60

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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… Read more »