Oil Prices expected to rise as Oil barrel pushes $100+

Egypt unrest pushes oil prices above $100

Summary:

  • Oil prices topped $100 a barrel Wednesday, as traders feared tensions in Egypt could spread to the broader Middle East.
  • U.S. oil prices rose as high as $102.18, the highest they’ve been in over a year.
  • Oil prices have risen about 16% in the last two months. Traders cite an improving economy, rising demand for crude oil from refiners in the United States, and problems getting supplies of light, sweet crude to market as other reasons for the price run up.

 

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Categories: Capital Markets

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  1. Egypt’s Unrest is Unresting our Economy and Those Abroad | nicksInsights

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