Unrest in Egypt: How Will Oil Prices Fare?
After nearly three weeks of protests, Egyptian President Hosni Mubarak has stepped down. With control of the country now in the hands of the military, it remains to be seen how the situation evolves.
A critical consideration is potential unrest in neighboring Middle Eastern countries, particularly Saudi Arabia. Though Egypt produces very little oil, Saudi Arabia is the world’s largest oil exporter.
How real is the threat for increasing oil prices? Will prices spike suddenly like they did in 2008?
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