Oil And Other Markets Get Increasingly Nervous Over Egyptian Crisis
Anyone watching oil prices this week could be forgiven if they thought Egypt is a major oil producer. As the crowds of protesters in Cairo grew from thousands, to tens of thousands, to hundreds of thousands, the price of oil shot upward. The price of benchmark Brent crude oil this week surged to $100, up 5 percent since the beginning of last week, when violence spread from Tunisia to Egypt. It's the first time oil has gone that high in two years.
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