[CrashList] short-term movements

[Mark Jones]

FT:
Iraq pushes crude oil prices to 10-year high
By Robert Corzine in London
Published: September 18 2000 19:24GMT | Last Updated: September 19 2000
06:53GMT



Oil prices surged to fresh 10-year highs on Monday after President Saddam
Hussein of Iraq warned fellow oil exporters not to bow to pressure from
"superpowers" to lower petroleum prices.

In morning trading in New York the Nymex October oil futures contract soared
$1.18 to $37.10 a barrel - the highest level since October 1990, when Iraq
was occupying Kuwait.

http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3A2Y3JADC&liv
e=true&tagid=ZZZGEKAOD0C