Rebellion in Egypt rose oil price
Monday, January 31st, 2011
Brent crude was trading for about $ 100 a barrel in electronic trading on the London Petroleum Exchange today, marking its highest price levels for the last 28 months, transmit Bloomberg.
This gave rise to anti-government protests in Cairo, which raised fears that unrest in Egypt can lead to unrest in oil exporting countries in the Middle East.
The price of Brent for March delivery rose briefly to 99.97 dollars per barrel in today’s e-session in London, after tens of thousands of protesters took part in demonstrations against the leadership of Egyptian President Hosni Mubarak that continued during the past 30 years.
At 9:00 am GMT Brent limited appreciation with 0.1 percent to 99.49 dollars per barrel.
The last price of this variety is Bola oil over 100 dollars a barrel in October 2008
Meanwhile, U.S. light crude rose by 0.5 percent to 89.76 dollars a barrel after the January 28 price rose sharply by 4.3 per cent.
Since the beginning of January the price of U.S. light crude fell by 2%, which is its first drop in monthly basis for the past five months.

