BUSINESS

Global Economy At Risk From Oil Price Rise: Financial Times

09/03/2009 05:12 am ET | Updated May 25, 2011

The world economy cannot sustain any further rise in the oil price, the International Energy Agency's chief economist warned as oil prices rose toward a record high for the year.

Fatih Birol told the Financial Times that prices higher than about $70 could dampen a world economic recovery.

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