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Economy could be hurt if oil gets to $100 -Roubini

Forbes

Last updated:

Fri, 06 Nov 2009 16:02:00 +0000

An economist noted for his early warning that the United States was headed for a housing bust and oil shock said on Wednesday that oil's jump to $80 a barrel is unjustified and that a run to $100 may cause economic stress the way record highs near $150 did last year.

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