The Washington Post
November 25, 2011
With the world economy so weak, why are oil prices so high?
Economic crisis grips Europe, slow growth plagues the United States, and Chinaâ€™s breakneck expansion shows signs of a slight slowing.
Euro zone leaders aim to stem the continentâ€™s debt woes as protesters take to the streets in some countries to show their dissatisfaction with austerity measures.
Yet the global price of oil might set a record this year as consumption creeps up and world output struggles to keep pace.