Traders work on the floor of the New York Stock Exchange, January 28, 2011. Credit: Reuters/Brendan McDermidOil Prices Rise as Egypt Unrest Gooses Market -- MSNBC
Oil remains the biggest trade — and perhaps the biggest risk for traders — as unrest in Egypt persists.
U.S oil prices climbed to over $90 a barrel in the electronic session Sunday night, extending Friday's 4% gain. March NYMEX crude futures rallied over $1.50 to a high of $90.87 in electronic trading. Brent crude nearly touched $100 a barrel, but rose less than $.50 from the previous close.
Oil prices have since pared their gains and volume is expected to be light until floor trading begins at the New York Mercantile Exchange at 9 a.m. ET Monday.
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More News On The Impact Of Egypt On World Oil Prices
Oil Gains a Second Day Amid Concern Egyptian Unrest Will Spread -- Bloomberg
Egypt Unrest Stokes Oil, Gold -- Wall Street Journal
Egyptian Turmoil Generates Wide Economic Effect -- Voice of America
Crude Up On Egypt Unrest; No Supply Disruption Yet -- Wall Street Journal
Brent oil surges to 28-month peak on Egypt unrest -- Reuters
Unrest in Egypt Unsettles Global Markets -- New York Times
Egypt's troubles look likely to give us all a new 'oil shock' -- The Independent
Oil veteran Pickens sees $120 this year -- Reuters
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