ARABS-OPEC - Oct.12 - Brent Hits $35.5/B Record.As global markets react to an escalating PA-Israeli conflict and an attack on a US destroyer destroyer, class of warship very fast relative to its length, generally equipped with torpedos, antisubmarine equipment, and medium-caliber and antiaircraft guns. The newest destroyers are equipped with guided missiles as their chief offensive weapon. in Aden Aden (ä`dən, ā`dən), city (1994 pop. 398,399), SW Yemen, on the Gulf of Aden near the southern entrance to the Red Sea. It is the chief port of Yemen. , November Brent Brent, outer borough (1991 pop. 226,100) of Greater London, SE England. The area is a rail and industrial center. Its manufactures include automobile parts, clocks and watches, and electrical equipment. jumps to a record of $35.5/b for the first time since the 1990 Gulf crisis. November WTI WTI West Texas Intermediate WTI Western Transportation Institute (Montana State University) WTI World Tribunal on Iraq WTI With The Idea (used in chess to point to the idea behind a specific move) rises to $37/b. Oil prices in Chicago also rose to 1990 highs. This affects US Vice President and presidential candidate Al Gore's efforts to avert an oil price crisis before the Nov. 7 election. One third of the 30m barrels to be released from the SPR spr Spring SPR Strategic Petroleum Reserve SPR Surface Plasmon Resonance SPR Suomen Punainen Risti SpR Specialist Registrar (UK doctor who supports a consultant) SPR Society for Psychical Research SPR Stop Prisoner Rape over 30 days was awarded to three small companies, but these are said to be unable to pay for the oil. Saddam's threat to stop Iraqi oil exports if the UN refused his request to receive payment for oil in euros instead of US dollars has added to the tension. However, oil prices began to ease on Oct. 14 as Arafat and Barak agreed to meet at Sharm El Shaikh on Oct.16. It is said that one of President Clinton's reasons to attend this meeting was to make sure Middle East events would not influence oil prices to go up. |
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