Will Rising Oil Prices Derail Recovery?
Nobuo Tanaka, executive director at the International Energy Agency, says oil's rapid rise without an increase in demand and growth may undermine economic recovery. CNBC's Sri Jegarajah spoke to him at the Asia Oil and Gas Conference in Kuala Lumpur.
The price of crude oil recently climbed over $72 a barrel with gas prices rising above $2.62 nationally according to AAA.
Posted on June 11, 2009
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