Analysts contend oil markets face short-term instability

09/17/2001
Oil analysts contend that last week's terrorist attacks on the US will keep world oil markets unstable in the short term, although supplies are adequate for now.The threat of either US sanctions or retaliation against any country that might have aided the Sept. 11 terrorist attacks in New York City and Washington, DC, is certain to stimulate concerns about Middle East oil supplies that could drive up market prices, said Michael C. Lynch, chief energy economist at DRI-WEFA Inc."You got to figure for a couple days things are going to be a little crazy before things settle down. It looks like the Organization of Petroleum Export- ing Countries has done a good job of stepping in and calmi...
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