As it was informed by "Market Leader (US)"
Soros: Will Oil Cost $200?
Revolutionary events in Egypt had an immediate effect on stock markets. Brent oil prices broke the level of $100 per barrel as early as on 31 January this year, for the first time since 2008. A swarm of analysts fell into a buzz right away - should we expect the black oil to appreciate more? Oil prices started rising because of the threat of closure of the Suez Canal believed by many experts to be our planet's main oil transportation artery. According to forecasts of the Ministry of Oil and Gas Industry of Kuwait, if there are any problems in the Suez Canal oil prices will soon exceed $110. So, this is question No. 1 for the global economic (to name one only) community.