13 March 2002, 16:42 Welteke says further oil price rise would create risk for recovery
PARIS (AFX) - Bundesbank president Ernst Welteke said any further
rise in crude oil prices risks weighing on the prospective economic
recovery.
Declining US oil stocks and talk of a possible military
intervention in Iraq have lifted oil prices, with Brent rising to more
than 24 usd per barrel today.
Welteke was speaking at a French and German meeting of finance
ministers and central bank governors in Paris.
© 1999-2024 Forex EuroClub
All rights reserved