Surge in crude now in ‘same league’ as past oil shocks. These are stories Report on Business is following today.
Get the top business stories through the day on BlackBerry or iPhone by bookmarking our mobile-friendly webpage. Oil prices spark fears Oil prices surged again today, sparking fears over inflation and the impact on the challenging global recovery. The benchmark U.S. price, West Texas Intermediate, or WTI , topped $100 (U.S.) a barrel for the second day in a row, while Brent crude jumped closer to $120 as violence in Libya curtails production.
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