London Brent Futures Set New High

Tuesday, August 31, 1999
London IPE Brent oil futures set a new 22-month high of $21.30 a barrel in early trade today, jumping 54 cents from Friday's close. Dealers said a renewed pledge by leading exporters to retain tight curbs on exports was behind the price rise.

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Swiber Applies for Judicial Management Instead of Liquidation

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