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Blog

Will the world slip up on oil yet again

March 1st, 2012
Will the world slip up on oil yet again

World oil prices have been pushed higher by worries about
Iran on the back of strong long-term demand growth from
the emerging world and increased confi dence regarding
the global outlook.

* Current oil price levels are probably not a big threat to
growth, but a continuing rise would be.
* Current oil prices imply further pressure on Australian
petrol prices.

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Tony Laycock

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