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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.
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