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Stock markets plunge after oil surges over $100 a barrel, wiping out hopes of UK interest rate cut - business live

Shares slide and government bond yields jump, as oil price surge threatens new inflationary spike From 2h ago Introduction: Oil surges over $100 a barrel in frenzied trading Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Stock markets are tumbling today after the oil price surged over $... [16026 chars]

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