{"id":13249,"date":"2011-02-11T09:37:41","date_gmt":"2011-02-11T08:37:41","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13249\/brent-oil-trading-firm-at-101-eygpt-tension-boosts-prices\/"},"modified":"2011-02-11T09:37:41","modified_gmt":"2011-02-11T08:37:41","slug":"brent-oil-trading-firm-at-101-eygpt-tension-boosts-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13249\/brent-oil-trading-firm-at-101-eygpt-tension-boosts-prices\/","title":{"rendered":"Brent oil trading firm at $101, Eygpt tension boosts prices"},"content":{"rendered":"<p><p>Brent oil futures open Friday&#8217;s trading session firm over $101 a barrel as the latest tensions in Eygpt have traders and investors concerned over oil supply, fueling higher oil prices.<\/p>\n<p><strong>Latest Brent Oil Price<\/strong><\/p>\n<p>In London, Brent crude oil futures for March 2011 delivery was trading at $101.40, 08.30 GMT on the ICE Futures Exchange.<\/p>\n<p>Brent oil&#8217;s rebound came after Egyptian President Hosni Mubarak refused to step down on Thursday, delegating some powers to Vice President Omar Suleiman and enraging protesters who have demanded his immediate resignation.<\/p>\n<p><strong>Crude Oil Supply and the Suez Canal<\/strong><\/p>\n<p>Conflicts in Egypt could disrupt crude oil supplies passing through the Suez Canal, which provides a link between Europe and Asia and allows ships safer and faster travel between the regions without having to sail around Africa.<\/p>\n<p>Furious Egyptian demonstrators have today vowed to mount their biggest protests yet after President Hosni Mubarak dashed expectations by pledging once again to stay in office.<\/p>\n<p>Earlier this week, Suez Canal workers went on strike, in support of the movement to remove Mubarak from power.<\/p>\n<div>\n<div><a 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class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/twitter.png\" alt=\"Post on Twitter\" title=\"Post on Twitter\" \/><\/a><\/div>\n<div><a href=\"http:\/\/www.google.com\/reader\/link?url=http2F2Foil2F022Fbrent-oil-trading-firm-over-101-egypt-tensions-boost-oil-prices.html&title=Brent+oil+trading+firm+at+2C+Eygpt+tension+boosts+prices\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/google_buzz.png\" alt=\"Google Buzz (aka. 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Google Reader)\" \/><\/a><\/div>\n<\/div>\n<ul>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-trading-firm-at-98-ice-us-dollar-index-weakens.html\" title=\"Brent oil trading firm at $98, ICE US Dollar Index weakens\">Brent oil trading firm at $98, ICE US Dollar Index weakens<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/12\/2010\/brent-oil-futures-trading-at-91-us-dollar-remains-firm.html\" title=\"Brent oil futures trading at $91, US dollar remains firm\">Brent oil futures trading at $91, US dollar remains firm<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/02\/2011\/brent-oil-price-hovers-at-100-market-eyes-egypt-tensions.html\" title=\"Brent oil price hovers at $100, market eyes Egypt tensions\">Brent oil price hovers at $100, market eyes Egypt tensions<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/oil-prices-hover-as-traders-study-egypt-suez-canal-situation.html\" title=\"Oil prices hover as traders study Egypt & Suez Canal situation\">Oil prices hover as traders study Egypt & Suez Canal situation<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-price-trades-firm-at-98-weak-us-dollar-supports.html\" title=\"Brent oil price trades firm at $98, weak US dollar supports\">Brent oil price trades firm at $98, weak US dollar supports<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-price-nears-96-after-settling-at-eight-week-low.html\" title=\"Brent oil price nears $96 after settling at eight week low \">Brent oil price nears $96 after settling at eight week low <\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-trading-firm-at-98-a-barrel-on-weaker-us-dollar.html\" title=\"Brent oil trading firm at $98 a barrel on weaker US dollar\">Brent oil trading firm at $98 a barrel on weaker US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-trading-at-97-iea-says-high-prices-to-continue.html\" title=\"Brent oil trading at $97, IEA says high prices to continue\">Brent oil trading at $97, IEA says high prices to continue<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-price-trading-firm-over-98-on-weaker-us-dollar.html\" title=\"Brent oil price trading firm over $98 on weaker US dollar\">Brent oil price trading firm over $98 on weaker US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-trading-near-98-oil-futures-bull-market-continues.html\" title=\"Brent oil trading near $98, oil futures bull market continues\">Brent oil trading near $98, oil futures bull market continues<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/01\/2011\/brent-oil-trading-at-95-as-2011-demand-boosts-oil-prices.html\" title=\"Brent oil trading at $95 as 2011 demand boosts oil prices\">Brent oil trading at $95 as 2011 demand boosts oil prices<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/12\/2010\/brent-oil-trading-steady-over-91-on-weaker-us-dollar.html\" title=\"Brent oil trading steady over $91 on weaker US dollar\">Brent oil trading steady over $91 on weaker US dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/11\/2010\/brent-oil-trading-firm-near-88-amid-higher-dollar-index.html\" title=\"Brent oil trading firm near $88 amid higher Dollar Index\">Brent oil trading firm near $88 amid higher Dollar Index<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/10\/2010\/brent-oil-trading-near-83-on-stronger-ice-dollar-index.html\" title=\"Brent oil trading near $83 on stronger ICE Dollar Index\">Brent oil trading near $83 on stronger ICE Dollar Index<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/10\/2010\/brent-oil-trading-near-84-as-french-strikes-affect-prices.html\" title=\"Brent oil trading near $84 as French strikes affect prices\">Brent oil trading near $84 as French strikes affect prices<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/08\/2010\/brent-oil-futures-dip-near-74-a-six-week-trading-low.html\" title=\"Brent oil futures dip near $74, a six week trading low\">Brent oil futures dip near $74, a six week trading low<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_trading\/02\/2011\/wti-oil-trading-at-87-brent-price-spread-nears-13.html\" title=\"WTI oil trading at $87, Brent price spread nears $13\">WTI oil trading at $87, Brent price spread nears $13<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/02\/2011\/brent-oil-price-closes-bullish-week-at-100-egypt-in-focus.html\" title=\"Brent oil price closes bullish week at $100, Egypt in focus\">Brent oil price closes bullish week at $100, Egypt in focus<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/02\/2011\/brent-oil-price-hits-103-on-egypt-traders-on-buy-mode.html\" title=\"Brent oil price hits $103 on Egypt, traders on buy mode\">Brent oil price hits $103 on Egypt, traders on buy mode<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/02\/2011\/brent-oil-trading-near-102-egypt-protests-add-fuel-to-prices.html\" title=\"Brent oil trading near $102, Egypt protests add fuel to prices\">Brent oil trading near $102, Egypt protests add fuel to prices<\/a><\/li>\n<\/ul>\n<p>Read more here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/02\/2011\/brent-oil-trading-firm-over-101-egypt-tensions-boost-oil-prices.html\" title=\"Brent oil trading firm at $101, Eygpt tension boosts prices\">Brent oil trading firm at $101, Eygpt tension boosts prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Brent oil futures open Friday&#8217;s trading session firm over $101 a barrel as the latest tensions in Eygpt have traders and investors concerned over oil supply, fueling higher oil prices. Latest Brent Oil Price In London, Brent crude oil futures for March 2011 delivery was trading at $101.40, 08.30 GMT on the ICE Futures Exchange. Brent oil&#8217;s rebound came after Egyptian President Hosni Mubarak refused to step down on Thursday, delegating some powers to Vice President Omar Suleiman and enraging protesters who have demanded his immediate resignation. Crude Oil Supply and the Suez Canal Conflicts in Egypt could disrupt crude oil supplies passing through the Suez Canal, which provides a link between Europe and Asia and allows ships safer and faster travel between the regions without having to sail around Africa. Furious Egyptian demonstrators have today vowed to mount their biggest protests yet after President Hosni Mubarak dashed expectations by pledging once again to stay in office. Earlier this week, Suez Canal workers went on strike, in support of the movement to remove Mubarak from power. Brent oil trading firm at $98, ICE US Dollar Index weakens Brent oil futures trading at $91, US dollar remains firm Brent oil price hovers at $100, market eyes Egypt tensions Oil prices hover as traders study Egypt &#038; Suez Canal situation Brent oil price trades firm at $98, weak US dollar supports Brent oil price nears $96 after settling at eight week low Brent oil trading firm at $98 a barrel on weaker US dollar Brent oil trading at $97, IEA says high prices to continue Brent oil price trading firm over $98 on weaker US dollar Brent oil trading near $98, oil futures bull market continues Brent oil trading at $95 as 2011 demand boosts oil prices Brent oil trading steady over $91 on weaker US dollar Brent oil trading firm near $88 amid higher Dollar Index Brent oil trading near $83 on stronger ICE Dollar Index Brent oil trading near $84 as French strikes affect prices Brent oil futures dip near $74, a six week trading low WTI oil trading at $87, Brent price spread nears $13 Brent oil price closes bullish week at $100, Egypt in focus Brent oil price hits $103 on Egypt, traders on buy mode Brent oil trading near $102, Egypt protests add fuel to prices <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13249","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=13249"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13249\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}