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Daily Archives: June 14th, 2008

G-8 Raises Alarm Over Oil, Inflation

14-Jun-08

Ahead of the annual July meeting of the G-8, finance ministers got together in Osaka, Japan this weekend to go over some issues.
AP: G-8 raises alarm over rising oil prices

The fundamental factor driving oil prices is the imbalance between rising global demand and supply constraints, the ministers said. They added that geopolitical and financial factors [...]