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THE GULF WAR: The Battle Front : Market Update

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OIL: Crude closed down 81 cents at $20.07 a barrel in New York, the lowest since the war began Jan 16.

DOW INDUSTRIALS: The 30 industrials fell 2.47 points to 2,932.18.

CREDIT MARKETS: Bond prices were pushed down largely by uncertainty about the Federal Reserve’s monetary policy in the face of Middle East peace prospects.

METALS: Gold inched up 10 cents to $364.50 cents in New York.

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