Rising Oil Prices Are Still a Drag on U.S. Economy, Pimco Says
Extracted crude oil splashes on a worker’s hand as pours from a pipe in the village of Wonocolo, East Java, Indonesia. (Photographer: Dimas Ardian/Bloomberg)

Rising Oil Prices Are Still a Drag on U.S. Economy, Pimco Says

(Bloomberg) -- Rising oil prices are still a headwind for U.S. economic growth despite the surge in domestic production in recent years, according to analysts at Pacific Investment Management Co.
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