Rising oil prices plagued the European Union.docVIP

 PAGE \* MERGEFORMAT 4 Rising oil prices plagued the European Union This year, world crude oil prices rose sharply recently reached an unprecedented high of 32 U.S. dollars a barrel. Soaring oil prices not only a negative impact on the EU national economies, but also aroused strong social repercussions. The European Commission has estimated that this year the EU economy will be ‘strong growth’, but the impact of rising oil prices have clearly become a ‘strong growth’ of the negative factors. The European Commission, in its spring economic forecasts, the price of oil is assumed to be 24.