Oil Consumers Grow Wary as Some OPEC Members Target $100 Crude
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Oil importers are growing wary of the impact of prices near two-year highs as some OPEC members foresee a further rally to the $100-a-barrel level and Arab oil ministers gather for a meeting in Cairo.
Japan’s economy minister said today the government needs to keep an eye on climbing prices while the deputy governor of the Chinese central bank said inflation pressures are rising.