Word: benchmarking
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...price of West Texas Intermediate crude, the benchmark for trends in the U.S. oil market, ended the week at $24.49, an increase of $3.51 in two days. In Tokyo the Nikkei stock index plummeted 729.42 yen, closing the week at | 29,515.76 yen. The market drop reflected concern that Japan, which depends on imported oil for 57.9% of its energy needs, might face tougher economic times. In Europe, which also relies heavily on Middle East oil, stock and currency markets gyrated nervously...
...price of OPEC oil to $16.25 per bbl., from less than $14 per bbl. at the end of June. But because buyers have stocked up on cheap fuel in recent months, it will take some time before the new production cap shoves prices as far as the new $21 benchmark. That level may be difficult to sustain beyond the winter, when fuel demand rises naturally, as OPEC members with spare capacity are likely to press for new, higher quotas...
...since the oil glut of 1986 have petroleum prices gone on such a wild ride. During trading last week, the futures price of crude fell below $16.50 per bbl. for the benchmark West Texas Intermediate, down more than $2 from the previous week and $5 since early March. While demand for oil usually softens during springtime, new calculations of the world's oil production have stunned commodity traders. Total output by the Organization of Petroleum Exporting Countries exceeds 24.5 million bbl. per day, or 2 million beyond its agreed ceiling. At the same time, Saudi Arabia said it had discovered...
Although most running backs taper off at 30, Okoye will probably endure well beyond that benchmark because of his late start. "Christian hasn't taken the usual hammering through high school and college, and although he's 28, he has the football body of a 22-year-old," says his Azusa track mentor Terry Franson. Now negotiating for a new contract to replace his expiring, $150,000- a-year deal with the Chiefs, Okoye stands to get a handsome raise. But the fans' adulation has not yet gone to his head. Cho-Cho still wears his Azusa cap, emblazoned with...
...prevalent interpretation is that Wilder was forced to eke out such a narrow victory only because he was a black candidate. The most common benchmark is to measure Wilder's vote against the come-from-behind 54% to 46% triumph of Democrat Donald Beyer over Edwina ("Eddy") Dalton in the battle for Lieutenant Governor. What gives piquancy to this comparison is that Beyer, a Volvo dealer and political neophyte, was running against the widow of a former Governor. "Wilder would have won a victory similar to Beyer's if he had been white," contends Sabato. But this...