Oil's Rise Shows No Sign of Slowing - 2005-03-17
The price of oil surged to a record $56.46 a barrel Wednesday, raising fears that the U.S. economy could weaken as energy takes a bigger chunk out of business and consumer spending.
On a day when Wall Street and Washington were dominated by energy, the price surge bolstered prospects of oil at $60 — or even higher — and offered no relief for motorists paying near-record prices at gasoline pumps nationwide.
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