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OIL PRESSURE…Rising prices put strain on economy

Antigua Sun: "Rising international oil prices are threatening to drive the cost of living in Antigua and Barbuda up, testing the government’s pledge to implement measures to offset prices. World oil prices are currently holding steady at over US$97 per barrel, but they are largely expected to reach US$100 per barrel in a matter of weeks. This has serious implications for the prices of goods in Antigua and Barbuda, since shipping rates and the cost of air travel are already going up. "

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