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$100 Oil Threatens to Compound World Economy’s Inflation Shock

  • More price gains seen as $100 neared for first time since 2014
  • Economists warn that higher energy costs will stoke inflation
Inside Repsol SA's Oil Refining Complex
Photographer: Angel Garcia/Bloomberg

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Oil’s surge toward $100 a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting growth prospects and driving up inflation.