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Tribal fighters who have been deployed onto the streets, patrol in the Iraqi city of Falluja in January, 2014.
Tribal fighters who have been deployed onto the streets, patrol in the Iraqi city of Falluja in January, 2014.
(REUTERS)

What investors need to know about rising oil prices

As the world watches with growing alarm at the violence and instability in Iraq, the rising price of crude oil is creating its own concerns: The price of West Texas intermediate, the U.S. benchmark, has risen about $5 (U.S.) a barrel in recent days, crossing the $107 threshold. That’s great for energy stocks, but should investors be worried about the impact on consumer confidence and spending?