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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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