Bahrain unrest could trigger oil price hike
Unrest in Bahrain continues to push up the price of oil. The BBC’S Brian Milligan has the story.
February 20, 2011 4:05 by Sam Potter
The kingdom of Bahrain, home to the U.S. Navy’s Fifth Fleet, is emerging as a key point in the unrest sweeping across the Middle East and North Africa, as Bahrainis protest continue.
Oil surged the most this month amid mounting Middle East tensions. While analysts predict the price of oil could still surge after the latest uprisings in Bahrain and Libya, experts assure that Saudi Arabia, the world’s second largest producer, is immune to similar unrest.
Read More: Bahrain unrest may impact region, finance hub
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1 Comment
Hi,
I think it’s time we start looking at the bigger picture than short term market benefits. People in Bahrain are fighting for their freedom, and it’s much more important than market fluctuations.
Regards
Rafi