Egypt Chaos Pushes Oil to 3-Year Highs
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Bloomberg reports that Brent crude prices topped $103 a barrel today. Brent crude is the benchmark for two-thirds of the world's oil supply.

Global oil markets are clearly concerned about escalating troubles in Egypt, Jordan, Tunisia, Yemen and a handful of other Middle Eastern countries.

The potential for supply disruptions is the catalyst for sustained "triple digit oil" we’ve all been dreading.

What most people might not realize is that there are a handful of American companies producing oil in one of the most promising oil discoveries of the past decade - a small region of the United States known as the Bakken, which contains at least 4.5 billions of barrels of oil.

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Posted 02-03-2011 3:41 PM by Ian Wyatt
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