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Oil falls more than US$3 as US Fed warns on inflation

OIL fell more than US$3 a barrel yesterday after the US Federal Reserve issued a rare warning on the inflationary risk posed by a weak dollar, suggesting the central bank is not likely to cut interest rates further...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080604/article_361933.htm"> Oil falls more than US$3 as US Fed warns on inflation </a> by -- OIL fell more than US$3 a barrel yesterday after the US Federal Reserve issued a rare warning on the inflationary risk posed by a weak dollar, suggesting the central bank is not likely to cut interest rates further... </p>