Thursday, August 17th | 25 Av 5777

Close

Be in the know!

Get our exclusive daily news briefing.

Subscribe
February 1, 2011 1:31 pm

Oil Tops $100 A Barrel as Egypt Unrest Rattles Investors

avatar by News Editor

Email a copy of "Oil Tops $100 A Barrel as Egypt Unrest Rattles Investors" to a friend

USA Today – Oil prices soared past a key threshold of $100 a barrel Monday amid fears that violence inEgypt could disrupt the flow of oil or infect other parts of the Middle East.

Brent crude — the benchmark for oil prices in Asia and Europe — closed up 1.6%, to $101.01 a barrel Monday in London, passing the $100 mark for the first time in two years. Meanwhile, the U.S. benchmark crude, West Texas intermediate, settled at $92.19 a barrel, up 3.2%, on the New York Mercantile Exchange.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner

Algemeiner.com