Oct 5, 2001, 12:01 AM
News Code: 9031102
0 Persons
recession of fears to due week, last further weakened prices Oil last weaken to continued prices crude Cash -- IRNA 5, .Oct Vienna, a of fears and future economic uncertain to due Thursday, ending week .recession wide world deep was and cents 87 lost Gulf Persian in price crude Dubai Average cents 38 by down 22,.21 Dlrrs at was Brent Sea North .22.21 Dlrs .ago weeks two with compared leveled and cents 71 by decreased Basket OPEC of price average The its at 65.29 Dlrs at was Wednesday on Basket The .26.20 Dlrs at .1999 August 16 since level deepest under days working following 9th for was Basket the Thursday, On regulation market OPEC's the in defined limit, lowest 22 Dlrs the Dlrs under is price Basket the if instrument, this Under .instrument reduce should Organization the days, working following 10 for 22 .day per barrels thousand 500 by production that said Arabia Saudi of Minister oil Naimi, Ali Meanwhile, .automatically implemented be not would instrument this plans of reports denied also Rodrigues Ali Secretary General OPEC the over Vienna in Meeting Ministerial OPEC extraordinary an for .weekend production reduce to reluctance OPEC's that say Analysts tense The .development economic world uncertain to due mainly is on attack US a of possibility and East Middle the in situation OPEC an making factors other are exports oil of cut and Iraq .difficult decision at price Basket the keeping of position Arabian Saudi Despite may country the that seems it barrel, per 25 Dlrs around two for level price that on pressing from refrain temporarily the about information reliable more receive to First, .reasons there that sure be to second and economy world the of future .supply oil threatening action, military no be will 20, Dlrs around at stable become have prices the Meanwhile, the consider will Ministers OPEC that said Rodrigues because .contact telephone by situation KZ/MHJ/KS End