{"id":13187,"date":"2011-02-02T10:26:10","date_gmt":"2011-02-02T09:26:10","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13187\/brent-oil-trading-near-102-egypt-protests-add-fuel-to-prices\/"},"modified":"2011-02-02T10:26:10","modified_gmt":"2011-02-02T09:26:10","slug":"brent-oil-trading-near-102-egypt-protests-add-fuel-to-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13187\/brent-oil-trading-near-102-egypt-protests-add-fuel-to-prices\/","title":{"rendered":"Brent oil trading near $102, Egypt protests add fuel to prices"},"content":{"rendered":"

Brent oil prices open today’s trading session firm, near $102 a barrel as the latest news from Egypt suggests that protests will continue.<\/p>\n

Latest Brent Oil Price<\/strong><\/p>\n

In London, Brent crude oil futures for March 2011 delivery was trading at $101.84, 09.20 GMT this morning on the ICE Futures Exchange.<\/p>\n

Calls For Egyptian President to Step Down<\/strong><\/p>\n

More foreigners are expected to flee from Egypt on today as governments expand evacuation efforts amid nationwide protests calling for President Hosni Mubarak to step down.<\/p>\n

The US State Department said 1,600 Americans had been evacuated while British carrier BMI said it has organised an extra flight to help British nationals get back to the UK.<\/p>\n

As the Egyptian president announced yesterday that he would stay on until September, with protesters exploding in anger in Tahrir Square on Tuesday night and continue today. A screen rigged up to show al-Jazeera was pelted with bottles and the cry “Irhal, irhal” went up repeatedly: “Leave, leave”.<\/p>\n

Brent oil prices have gained around $6 dollars a barrel since last Friday when the Egyptian protests began, and are currenctly trading at around a $11 premium to the US counterpart, WTI oil.<\/p>\n

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