Oil prices soar over Egypt fears

Fears over the impact of political unrest in Egypt have sent oil prices to their highest level in more than a year during a grim session for world markets.

Benchmark crude for August delivery rose to around 102 US dollars a barrel on the New York Mercantile Exchange, the highest level since May last year after a rise of more than two dollars a barrel overnight.
%VIRTUAL-SkimlinksPromo%