Oil Tops $100 Again but Should Investors Care?

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Oil Tops $100 Again but Should Investors Care?

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Oil Tops $100 Again but Should Investors Care?

by DailyTicker 3:50 mins

U.S. oil prices are once again topping $100 a barrel because of events in the Middle East. But the catalyst this time isn’t from a major oil- producing nation like Iran or Iraq but from Egypt, a relatively small producer which doesn’t export oil. Millions of Egyptians have taken to the streets demanding the resignation of the country’s president Mohammed Morsi, and the Egyptian army has issued an ultimatum that he leave office today, Wednesday, July 3.

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