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Oil prices drop as Mubarak steps down

Oil prices dropped on Friday after Egypt's President Hosni Mubarak handed over power to the military and left Cairo.

 

Benchmark West Texas Intermediate crude for March delivery fell $1.21 to $85.52 a barrel in early afternoon trading on the New York Mercantile Exchange. Traders and investors have been concerned that anti-government protests in Egypt over the past 18 days could spread to other parts of the Middle East and disrupt oil supplies. (AP)

 


פרסום ראשון: 02.11.11, 19:26