Brent Crude Oil Hits 28-month High

North Sea Brent crude oil futures hit a 28-month high on Wednesday on worries unrest in Egypt would spread across the Middle East and north Africa, source of more than a third of the world’s oil. ICE Brent for March jumped 30 cents to $102.04 a barrel by 1500 GMT, after briefly touching $102.18, the highest price for a front-month contract since September 2008. U.S. crude rose 60 cents to $91.37. – Reuters

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