CNN - Desert Storm - 1991-01-16 - 8:38 p.m. (E)
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Language: English (original, YouTube automatic captions)
[0:00] Five points, that's about a third of a
[0:01] percentage point. Oil prices are rising
[0:04] right now on fears of what war will do
[0:06] to Middle Eastern fields, but spot
[0:08] traders say there are very few buyers or
[0:10] sellers.
[0:11] The quoted range is anywhere from seven
[0:14] to twelve dollars a barrel higher than
[0:16] closing New York prices. That would put
[0:18] a barrel of light sweet crude just over
[0:20] the forty dollar mark. And the dollar is
[0:22] sinking against most major currencies
[0:24] off one and a quarter yen against the
[0:26] Japanese currency falling about two
[0:27] pennies on the German mark and one and a
[0:29] quarter cent on the British pound. We'll
[0:31] be following other markets in Asia and
[0:33] Europe through the night. David?
[0:36] Bill Hartley reporting from the
[0:37] financial desk in New York. Thank you
[0:38] very much. I'm pleased to report that we
[0:40] can go back to Baghdad now and our three
[0:42] correspondents there. Let's see who
[0:44] picks up the phone.
[0:47] Yes, this is Peter Arnett here. We were
[0:48] just temporarily off the air. There has
[0:51] been a lull for since about 15-20
[0:53] minutes now. There has not been one
[0:55] trace of a bullet in the sky.
[0:57] We don't see any more bombing in the
[0:58] distance, so for the time being anyway,
[1:00] it is quiet. I'll give you the over to
[1:01] Bernie Shaw.
[1:03] Thank you, Peter. Just to explain to our
[1:05] viewers why you did not hear from us for
[1:09] uh a nervously long time. For the past
[1:11] 20 minutes, I've been hiding under a
[1:13] table. And what happened was the
[1:15] security people made a sweep. They got
[1:17] very upset that there were three mortals
[1:20] on this floor. It's just three men
[1:23] standing