PRICE HIKES, FEARS OF OIL SUPPLY CRISIS TRAIL IRAQ ATTACK ON KUWAIT

Iraq's blitzkrieg seizure of Kuwait has created chaos in world oil markets. At a time when oil demand was relatively soft and oil stocks brimming worldwide, events following Iraq's Aug. 2 invasion of its neighbor, a former Arab ally, have sent oil futures prices rocketing to levels not seen since before the 1986 oil price collapse.

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