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Evercore's Roger Altman said in a CNBC interview on Monday that a sharp rise in crude could destabilize markets before it may trigger "the second big inflation shock of this decade after COVID," especially if oil prices climb toward $150 a barrel or higher.
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U.S. stock-index futures fell and crude prices rose on Sunday, after the market's rally stalled last week as oil prices rose sharply amid the impasse in the war with Iran.
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