Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Egypt unrest pushes oil prices near $100

Posted on 03 July 2013

Oil prices neared $100 a barrel Tuesday, as traders feared tensions in Egypt could spread to the broader Middle East. U.S. oil prices hovered around $99.50 a barrel Tuesday afternoon, the highest they’ve been in over a year.
While oil production from Egypt is negligible, the country controls the Suez Canal and pipeline, which move about 4 million barrels of oil per day. Plus, the country is one of the largest and most powerful in the Middle East and North Africa — home to about a third of the world’s oil production……………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031