Egypt Chaos Pushes Oil to 3-Year Highs
Bloomberg reports
that Brent crude prices topped $103 a barrel today. Brent crude is the
benchmark for two-thirds of the world's oil supply.Global oil markets are clearly concerned about escalating troubles in Egypt, Jordan, Tunisia, Yemen and a handful of other Middle Eastern countries.
The potential for supply disruptions is the catalyst for sustained "triple digit oil" we’ve all been dreading.
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