|
|
Article: Crude Jumps More Than $1 on Mideast Tensions, Stormy Weather.(crude oil prices on New York Mercantile Excahnge)(Brief Article)
- Article from:
- The Oil Daily
- Article date:
- October 3, 2000
CopyrightCOPYRIGHT 2000 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Crude Jumps More Than $1 on Mideast Tensions, Stormy Weather
Crude saw an upward correction Monday, supported by renewed word of Mideast tensions and weather worries in the US Gulf.
November light, sweet crude shot up $1.34 on the New York Mercantile Exchange (Nymex) to end the day at $32.18/bbl.
Brent also surged to $31.08/bbl on the International Petroleum Exchange, up $1.24.
Following Iraq's accusation last month that Kuwait was stealing oil along the border of the two countries, Kuwait came back with a charge of its own that Iraq had stolen oil from a pipeline during the Gulf War in 1990-91. Kuwait recently requested that the UN put ...