RPT-Oil super-spike could sink stocks, economy-analysts

Newswire

(Repeats to widen distribution) By Patrick Fitzgibbons NEW YORK, March 31 (Reuters) - If oil were to hit $105 per barrel, as suggested by a leading broker, it would spread ruin through the stock market and could spell disaster for everything from airlines to retailers to mining companies, analysts said on Thursday. Since the start of the year, oil has risen more than 25 percent to near $56 a barrel. On Thursday, Goldman Sachs issued research saying oil markets have entered a ...

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