PARIS, Jan. 5 (UPI) -- An international energy research group in Paris warned Wednesday rising oil prices are threatening the global economic recovery.
Chief Economist Fatih Birol at the International Energy Agency, which represents 28 countries, said in a message, "Oil prices are entering a dangerous zone for the global economy. The oil import bills are becoming a threat to the economic recovery. This is a wakeup call to the oil consuming countries and to oil producers," CBC reported.