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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (42831)	10/5/2000 5:51:54 AM
From: ColtonGang	Read Replies (2) \| Respond to of 769670

Oil dips below $30 a barrel Brent crude slumps as bidders line up for U.S. strategic reserves October 5, 2000: 3:46 a.m. ET LONDON (CNNfn) - Benchmark oil futures crashed below the $30 per barrel level in early electronic trade in London Thursday, as traders geared up for the release of some of the U.S. strategic oil reserve. Brent crude for November delivery slumped 62 cents to $29.90 on London's International Petroleum Exchange, mirroring overnight moves in Asia. The slide came after 11 companies signed up with the U.S. government to release up to 30 million barrels from U.S. stocks. The U.S. agreed to release oil in a bid to take the steam out of crude prices, which have consistently traded around 10-year highs in recent weeks. Consumers have felt the pinch of high prices at the pump, leading to widespread protests across the globe. NOW THAT"S WHAT I CALL POSITIVE RESULTS TO U.S. INTERVENTION BY CLINTON/GORE.