Tag: Egypt

Oil near $102 on Egypt protests, US demand outlook

The price of oil neared $102 a barrel Wednesday for the first time since May last year as Egypt’s political crisis intensified, raising the risk of fuel supply disruptions. Benchmark crude for August delivery was up $2.07 to $101.65 a barrel at midday Bangkok time in electronic trading on the […]

Oil above $98 as protests rock Egypt government

The price of oil advanced past $98 a barrel Tuesday, underpinned by political unrest in Egypt that raised fears of disruption to global crude supplies. By early afternoon in Europe, benchmark crude for August delivery was up 37 cents to $98.36 a barrel in electronic trading on the New York […]