US Oil Prices Top $70 A Barrel For First Time Since 2014

DALLAS (CBSDFW.COM/AP) — U.S. oil prices crashed through the $70-a-barrel mark on Monday for the first time since late 2014, foreshadowing costlier gasoline and consumer goods.
It’s not clear that pricey crude will slow down the economy, however.
The stock market closed slightly higher as investors bet that companies and consumers can cope with the increase, although airlines — a big consumer of fuel — slipped.
Benchmark U.S. crude rose $1.01 to settle at $70.73 a barrel