DOE Chu: World Wants Stable Oil Prices;Spike To Hit World Econ - NASDAQ

ROME -(Dow Jones)- U.S. Energy Secretary Steven Chu said Saturday oil-producing countries, as well as those consuming the fossil fuel, want "stable"prices, warning spikes would hit the global economy.

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Crude prices jumps "will have consequences" on the world economy, Chu said ata joint press conference in Rome with Italian Industry Minister Claudio Scajola. Chu is in Rome to take part in a two-day energy meeting of the Group of Eightindustrialized countries scheduled to start Sunday in Rome.

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