Oil Prints Over $100 Amid Turmoil in Egypt

Benchmark Brent crude breached $101 per barrel on Monday for the first time in more than two years as turmoil in Egypt injected supply worries into a gradually tightening oil market. ICE March Brent crude rose as high as $101.08 per barrel, up $1.66 on Monday, to the highest point since oil plummeted during the financial crisis in September 2008. – FT

Be the first to comment

Leave a Reply

Your email address will not be published.