Rising oil prices will hurt household income and spending and it could accelerate inflation. As the world’s biggest importer of oil, China is vulnerable, and many countries in Europe also rely on imported energy. For a sustained hit to growth, economists say oil would need to hold above $100. It also depends on dollar strength or weakness.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2PCn3jG
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