Fadel Gheit Traders Quotations

Basically, it was a great period for traders - some of them made a lot of money and some of them lost a lot of money.

A lot of people were expecting that Saddam Hussein would pull a trick before year-end because he was trying to put pressure on the U.N. to lift sanctions or try to alter the position of the sanction, so he threatened two weeks ago to stop exporting oil, ... The traders panicked in anticipation of a supply shortage, but Iraq never stopped producing oil.