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Archive for Saturday, April 22, 2006

Oil prices concern world financial leaders

April 22, 2006

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— Finance officials from the world's leading industrial powers expressed concern Friday about zooming oil prices and vowed to take action to prevent the global economy from getting knocked off course.

The pledge by finance ministers and central bank presidents from the Group of Seven countries comes on the same day that oil prices in the United States shot to a record high of $75.17 a barrel.

The United States, Japan, Germany, France, Britain, Italy and Canada make up the group.

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