International oil prices stabilized Thursday following the deadly attacks on New York and Washington it was reported Friday. The Ministry of Finance and Economy announced that Dubai crude traded at US$25.3 a barrel, down 84 cents from the day after the devastation. The Dubai brand accounts for about 70 percent of all oil imported by South Korea.

Secretary General of the Organization of Petroleum Exporting Countries, Ali Rodriguez announced the cartel was committed to ensuring stability in oil prices and supplies. On Wednesday, crude oil exports from key Middle East suppliers resumed normal output to world markets, however, traders fear a possible war in the Middle East could drive up prices.

(Arirang TV)