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Archive Home > 2008 > July > 03 > Oil surges again, rattling markets

Oil surges again, rattling markets

Higher energy prices are starting to have dampening effect on global economy

By Clifford Krauss / The Bulletin
July 3, 2008

HOUSTON — A sharp increase in oil prices on Wednesday sent shudders through anxious financial markets already worried about the prospect of a global economic slowdown.

Crude oil climbed above $144 a barrel before settling at $143.57, up $2.60 for the day. The Energy Department reported....

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