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February 1, 2011 1:31 pm

Oil Tops $100 A Barrel as Egypt Unrest Rattles Investors

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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.

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