Crude settles at highest level in 27 mths on Egypt fears

US crude oil futures settled at their highest level in 27 months on fears that the civil unrest in Egypt could widen to other Middle East countries and disrupt oil shipments from the region.

February 01, 2011 / 07:56 IST

US crude oil futures settled at their highest level in 27 months on fears that the civil unrest in Egypt could widen to other Middle East countries and disrupt oil shipments from the region. Brent oil also prices jumped above USD 101 a barrel for the first time since 2008. It is tarding at USD 91.91 per barrel.

first published: Feb 1, 2011 07:53 am

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