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Goldman's Gary Cohn: Beware $30 oil

Oil Barrels

Goldman Sachs President Gary Cohn told CNBC on Wednesday he is very concerned about the short-term window for oil and said crude prices could fall to $30 a barrel as the industry runs out of storage space.

Euro slides on eve of ECB stimulus programme

Five Euro Note

The pound has hit a seven-year high against the euro, bringing cheer for British holidaymakers but underscoring fears about the fragile European single currency as markets prepare for a flood of emergency electronic cash.