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Page added on September 28, 2005

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Fresh Fears of $100 a Barrel Oil

British Chancellor Gordon Browns economic growth forecasts stand no chance of being met because of surging oil prices, a leading forecaster will warn on Monday. In a report that will fuel widespread fears in the City of a further spike in the price of oil, the Ernst & Young Item Club will warn of dire consequences for the economy if oil hits $100 (Pounds 55, E82) a barrel.


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