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Commodities Briefing - Categorized | Oil, Trends more

Changing Middle-East dynamics a game changer for oil?

Posted on 30 November 2012

A political crisis in Egypt heralds a new phase of instability in the Middle East that will keep worries about oil supplies from the region intact putting upward pressure on prices, commodities analysts said.
A controversial decree by Egypt’s President Mohamed Mursi has plunged the country into a crisis and ensured that tensions in the Middle East will remain firmly in focus just as last week’s ceasefire between Israel and Hamas ended eight days of fighting in the Gaza strip and bought some relief to investors………………………………………..Full Article: Source


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