25.02.2011 - Fears for UK recovery as oil nears crucial $120 mark
From Telegraph: The turmoil in the Middle East pushed the oil price close to the crucial $120 mark at which it may threaten global growth, putting the UK at a growing risk of a dangerous inflationary shock. Brent crude, London's benchmark oil, jumped $8.59 to hit a 30-month high of $119.79 a barrel early on Thursday, as refiners exposed to Libya stocked up and markets weighed up the risk of the violence engulfing the country spreading to other oil producers...............................................Full Article: Source
Print