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With ‘black gold on the rise, is it solely Egypt affecting oil prices, or is there another factor at play?
Oil prices hit a nine-month high this week as the “next Arab Spring” erupted in Egypt. Money Morning Global Energy Strategist joined FOX Business to answer: “Why does this have an impact on oil prices? Is it because Egypt’s near oil transport regions?”
Moors explained what the real problem is with Egypt’s chaos – a situation that’s rippling into other countries, affecting oil markets. Watch his explanation of why this conflict is drastically bigger than it appears.