Oil prices closed at $71 today after getting close to the $72 a barrel price.  Economists say that increased demand is impacting the inventory of oil which in turn is increasing the price.  Expectations are that the price could go to $80. But on the contrary side, a higher price of Oil could stabilize or reduce oil demand, and the resulting price of Oil may not go higher.

The price of a barrel was around $45 at the beginning of 2009. After almost six months Oil has risen over 50%. This kind of increase could jeopardize the US recovery depending on what happens in the future