Rising oil prices fuel fears of damage to global economy
by Adam Vaughan from Environment | The Guardian on (#3ZG80)
Experts warn emerging markets could suffer as crude prices hit four-year high of $82
The global economy could be damaged if oil prices return to $100 (76) a barrel, experts have warned, after crude prices hit a four-year high of $82.16.
Some market watchers have predicted prices between $90 and $100 by the year's end after Opec last weekend rebuffed Donald Trump's demands for the oil cartel to rein in prices by expanding production.
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