The Malaysian Insider, 22 Oct 2009
THE price of crude oil has crossed the US$80 (RM272) a barrel mark for the first time in a year, prompting concerns that an unchecked rise in oil prices could derail the fragile economic recovery.
Oil prices are now up about 10 per cent since the start of the month.
Market experts say the price hike is speculative, arising from investors’ rush to commodities and generally positive economic sentiment.
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