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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 18, 2004
Page
5
OPEC schedules an emergency meeting as oil prices surge and demand remains robust. Delegates warn prices could rise further if targets shift, while non OPEC producers like Russia and Mexico add pressure.
Global markets faltered after Iraq Governing Council president Izzadine Saleem died in a Baghdad bombing killing eight. The Dow dropped 105.96 points to 9906.91 while India, Japan, and European indices slid on fears over Iraq, politics, and oil.
City building inspectors report a slow start to 2004 construction with permits totaling 31.02 million, down from 58.23 million last year and below the five year average of 44.96 million. March and April permits also fell from 2003 levels, while a 2.23 million medical office project and two new retail buildings on 31st Street marked notable activity.
The article provides a direct contact for Chad Lawhorn with a phone number 832-6362 for readers seeking further information or comment.
Grain futures on the Chicago Board of Trade showed mixed moves with soybeans dropping 27 cents while wheat, corn and oats advanced or fell modestly. Cattle and hog futures on the Mercantile Exchange weakened. Local elevator prices varied by location with soybeans around 9.05. Gold and copper moved, with copper near 1.26 per pound and gold around 382.95.
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