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Minnesota State Economist Tom Stinson changes posters during Monday's report on the state budget. Don Davis / State Capitol Bureau

Oil is key to Minnesota's economic condition

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ST. PAUL - Oil makes predicting the economic future a slippery proposition.

A December federal tax deal helped the Minnesota economy do better than expected, but now the prospects of higher oil costs could hurt the country's economy.

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Minnesota State Economist Tom Stinson said a budget report released Monday counts on oil selling for $90 to $95 a barrel. On Monday, it hovered around $100.

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