Wednesday, 23 February 2011

Gas Prices Rise as Middle East Unrest Continues

What started in Egypt seems to be spreading all over the Middle East. Popular revolt and political uncertainty is making investors plan for the unpredictable, as crude oil prices continues to rise, which in turn is contributing to higher gas and energy prices.

When the protests started in Egypt crude oil prices were below the $100 mark, more precisely at $98 a barrel. Last Monday the Brent crude oil barrel was traded at $108.  As UK gas prices are tied up to oil prices, prompt and curve gas prices rose too.

Read More:

No comments:

Post a Comment