Another
steep decline in Variable Risk Landscape came with oil
prices climbing to a 13-year high after two deadly attacks
on oil installations within a week. The killing of five
Western contractors at Saudi Arabia's western oil hub
in Yanbu and the attempted suicide bombing of Iraq's
main oil export terminals on April 24 have raised market-rattling
fears that oil workers and facilities may be Al Qaeda's
new targets of choice. The price of crude oil jumped
above $40 a barrel in New York on Friday, its highest
level since Iraq invaded Kuwait in 1990. The images
of US soldiers torturing and humiliating Iraqi detainees
in notorious Abu Ghraib prison in Baghdad provoked the
fear of a new wave of terrorist attacks.
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