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Low Oil Prices Are Double Edged Sword for Global Economy

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An unexpected drop in U.S. crude oil inventories helped lift the price of oil slightly Wednesday, but oil prices remain close to 10-year lows due to a number of factors, including the high dollar exchange rate and slowing global demand. Mil Arcega reports that even as falling oil prices have proven to be a godsend for consumers, they are also hurting oil-producing countries.

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