VOL. XXXVII

NO. 47

22-AUGUST-1994

Oil Prices Plunge As Market Sentiment Shifts Decisively Bearish

While there is no avoiding the fact that international crude prices have lostsome $2.90/B since North Sea Brent hit its 17-month high of $19.41/B on 1August, the price slide has been obscured at times by the roller coaster ride ofheadline-driven ups and downs which have marked international crude marketsover the past several weeks. After a week of volatility, October Brent settledwell below the...