Today's Paper

Jump in oil prices

BEIRUT, JUNE 1. Oil prices jumped on Tuesday in the first indication of market sentiment after a terror attack targeting Western oil workers that left 22 persons dead, while oil Ministers began gathering in Beirut to debate a possible production increase.

Contracts for Brent crude oil for July delivery trading on the International Petroleum Exchange in London opened up $1.11 over Friday's close at $37.71 before falling back slightly to $37.68 in the first half-hour of trading.