Oil Prices going Up Due To Egyptian Crisis
The global economy is being hurt by the revolution in Egypt. As tensions in the Middle-East rise, not just Egypt, oil prices rise too. Some trading is at a halt as well. The Suez Canal is considered an Achilles-heel of the trading global market. It is as of now being choked and stops the flow of certain goods.
Many economists are worried that the rise of oil prices ($100 a barrel now) and other goods from the Middle-East will hurt bond values and continue the inflation happening right now.
