Here's What Oil at $70 Means for the World Economy
A Queiroz Galvao SA offshore oil platform stands in the Guanabara Bay near Niteroi, Rio de Janeiro state, Brazil. (Photographer: Dado Galdieri/Bloomberg)  

Here's What Oil at $70 Means for the World Economy

(Bloomberg) -- Rising oil prices are a double-edged sword for the world economy.
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