Oil surges, US dollar sags, shares slump. China now the key
Oil prices have surged to close to USD100 per barrel in overnight
trade, while the fallout of the US subprime mortgage crisis and worries over
the outlook for the US economy rattles investors. There is widespread belief
that more bad news about debt is still to come. The Dow Jones index fell nearly
200 points yesterday, before closing for the Thanksgiving weekend.
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