Financial Times FT.com

G8 leaders play down hopes over oil price

By Krishna Guha and David Pilling in Toyako

Published: July 7 2008 19:18 | Last updated: July 7 2008 19:18

Members of the Group of Eight leading industrialised nations on Monday night sought to damp down expectations that they could rescue the global economy from the impact of high oil prices.

Soaring crude prices are expected to feature heavily in discussion at today’s G8 heads of government meeting.

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