Wednesday, February 2, 2011

political crisis in mesir ( EGYPT)

political crisis in egypt that end - the end of this affect the world economy deteriorated further, particularly in the field of petroleum.

Egypt is the world's major oil producers, but poisi Suez Canal is very important to drain 2.4 million barrels of oil per day, equivalent to Iraq's oil production or Brazil.

New York's main contract, light sweet crude for March delivery fell 22 cents to 91.97 dollars per barrel position, while Brent North Sea crude oil for delivery in March fell also 57 cents to 100.44 dollars per barrel, could even touch 101, 73 dollars a night, its highest level since October 2008.

In trading Monday (31 / 1), on the London stock exchange, ICE Brent oil price for the March contract closed up 1.59 dollars a barrel to 101.73 dollars per barrel position. While WTI light sweet oil in New York for March delivery rose to 2.85 dollars to 93.19 dollars per barrel.

I hope the political crisis in egypt quickly resolved so that stable oil prices again soon and safe return of its original egypt

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