Unrest in Egypt Has No Impact
RigData Oil & Gas Price Report
Tuesday, February 01, 2011
Bloomberg reported that crude oil fell as the continued concern eased that supplies through the Suez Canal may be disrupted by unrest in Egypt. Tom Bentz, with BNP Paribas Commodity says, “The unrest in Egypt has had no impact on oil movements and OPEC has said that they would make up for any disruption,” crude oil for March delivery fell $1.42 to settle at $90.77 a barrel on the New York Mercantile Exchange.
Category: U.S. Land Industry Review