A Global Journal Report: Oil Prices Threaten Recovery As Saudis Try to Reassure U.S

• Published in: The Wall Street journal. Eastern edition
• Main Author: By Thaddeus Herrick in Houston, Jon E. Hilsenrath in New York and Bhushan Bahree in Paris, with Phillip Day in Singapore
• Format: Newspaper Article
• Language: English
• Published: New York, N.Y Dow Jones & Company Inc 26.08.2002
• Edition: Eastern edition
• Subjects: Cartels; Consumer spending; Crude oil; Crude oil prices; Economic conditions; Economic recovery; Economists; Energy; Gasoline prices; Inventory; Petroleum industry; Profits; Quotas; Supplies; United States; United States > US

Oil prices hovering near $30 a barrel on fears of a U.S.-Iraq war are threatening to impede a U.S. economic recovery, even as Saudis and some other OPEC members said they would make up shortfalls if there's an attack. With the price of a barrel peaking at $30.11 last week and Saudi ambassador P...