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Economy: Oil Prices / Stock Market #130960

ABC Evening News for Thursday, Sep 27, 1990
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(Studio: Peter Jennings) Report introduced.

(New York: Bob Jamieson) Continued raising of oil prices despite efforts by President Bush to contain them by opening up the United States oil reserves featured; scenes shown of oil traders. [Hilltop Trading Company Michael WILNER - comments.] [Energy Secretary James WATKINS - comments on oil reserves.] Rise in prices despite ample oil supplies noted. [Pegasus Econometric Group Peter BEUTEL - says prices go up because of fear that Saudi Arabia oil fields will be damaged.]

(Studio: Peter Jennings) Interview given with energy analyst to evaluate Bush's message. [Institute for International Economics Philip VERLEGER - says prices are rising due to uncertainty about oil availability due to events in Persian Gulf.] Gasoline prices at time Iraq invaded Kuwait and now outlined on screen. "Stock Market Report".

Jamieson, Bob;
Jennings, Peter

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