Oil Prices Rise as Middle East Clashes Continue

ABC News reports that on Friday crude prices surged as the Middle East Political clashes kept worries of oil supply disruptions.

The market news is quoted as saying:

Instability in the Middle East was the biggest worry for most energy traders on Friday. Troops in Bahrain confronted thousands of protesters calling for an end to the country’s monarchy. In Libya, Moammar Gaddafi’s regime deployed security forces and warned citizens against joining the unrest in which dozens of protesters have been killed. Protests also continued in Yemen for an eighth day.

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