Oil Prices Soar, the U.S. Economy Began to Shake

World oil prices continue to soar beginning to feel the impact on the world economy. United States also felt the impact. The increase in the price of "black gold" began to shake the U.S. economy.

Some economists even recalculate their estimates for U.S. economic growth this year, partially because the standard salary which does not change makes households more hard to overcome high gasoline prices.

In the near future, the effect of oil price rises also will contribute to the public perceived of the world. Residents will also be faced with the possibility of losing their jobs. This followed a number of companies that complain about the price of oil which became one of supporting their operations.

Crude oil at the close of trading on the New York Mercantile Exchange on Wednesday, was increased significantly. Crude oil prices rose to their highest position within 30 months after the NATO campaign to encourage attacking Libya. Brent crude oil prices seem to increase 8 cents and closed at 122.30 dollars per barrel. This closure was the highest since August 1, 2008.

Crude oil prices climbed after NATO declared plans to fly 198 missions to Libya on Wednesday, after flying 155 missions. Crude oil prices rose looks awesome after heated geopolitical turmoil in the Middle East and North Africa. This condition is feared to cause violence in neighboring countries of Libya.

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