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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (197796)8/31/2004 9:23:33 AM
From: steve harris  Read Replies (1) of 1575797
 
how about an oil update ted?

money.cnn.com

U.S. light crude for October delivery slumped 53 cents to $41.75 a barrel in electronic trading, taking losses to $7.65 in just eight trading sessions from an all-time peak of $49.40 a barrel.

London Brent crude slumped $1.21 to $39.43 a barrel, the lowest in four weeks.

Exports of southern Iraqi Basra crude ran near full capacity at 1.7 million barrels a day after repairs following sabotage attacks. The first shipment for three months of northern Iraqi Kirkuk crude was loading at Turkey's export terminal Ceyhan.

An Iraqi official said Baghdad aimed to sell up to 300,000 barrels per day of Kirkuk crude via term contract deals. That was read as a sign Iraq is having some success in thwarting attacks that have all but idled exports from its northern pipeline since the U.S.-led war began in March last year.
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