VOL. XLIII

No. 39

25-September-2000

IRAQ

Iraqi Threats Push Crude Prices To New 10-Year Highs As US Mulls SPR Drawdown

As in 1990, Iraqs President Saddam Husain is making crude markets traders nervous, pushing prices higher last week with veiled threats to choke off exports at a time when the market is tight (see lead story). On Londons International Petroleum Exchange November delivery Brent reached $34.98/B on 18 September but settled at $34.45/B as some traders took their profits. On the same...