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Oil,onitsuka tiger shoes, Gold Prices Soar After Unrest Hits Libya
Prices for oil and gold rose sharply on Monday as nervous investors reacted to political unrest in Libya,4人绑架富二代勒索300万人质趁看守人熟睡逃脱 air jordan boots,air jordan boots, which is an oil exporter.The price of Brent crude oil in London, the benchmark for much of the world,nike air penny iii, jumped more than two percent to hit $105 a barrel. That is the highest price since 2008. U.S. crude prices also rose even more sharply,womens jordan heels, but remain somewhat lower than London's cost.
Gold prices rose more than $13 and went above $1,400 an ounce for the first time in seven weeks as investors sought a safe haven for their money.Libya is the world’s twelfth largest oil exporter. According to the International Energy Agency, the country produces about 1.6 million barrels of crude a day,christian louboutin pumps sale, about 2 percent of global oil demand.
The reviving global economy was already pushing up energy demand and prices before the political crisis in Libya. The Bloomberg financial news service reports that some foreign oil companies are evacuating the families of expatriate employees,dunk heels, and non-essential workers.
One firm closed an office in Tripoli,nike dunk women heels, while another suspended exploration for new oil. Other firms, however,dunk high heels, are operating normally. The chairman of Libya's National Oil Corporation, Shokri Ghanem, said he has no information on a media report that a strike has stopped production in one oil field.
Egyptian Banks Reopen After Strikes,air jordan heels, Unrest
Egyptian banks have reopened after being shut for most of last week, as Egypt struggles to revive an economy damaged by labor protests and an uprising the toppled its president earlier this month.The banks opened for business as usual Sunday,Asics Ultimate 81, the first day of Egypt's working week, following a series of government-ordered closures and shortened sessions in the weeks since the uprising began in late January.
Egypt's stock market remains closed after suffering heavy losses at the start of the turmoil. It is expected to reopen later this week,asics shoes 2011, barring another bank closure or other developments.Egypt's military rulers said Friday they will not tolerate any further labor protests, after the uprising inspired Egyptian workers to go on strike in multiple industries to protest poor wages and other grievances.
In a gesture to the opposition, a court in the military-run country granted official recognition Saturday to a small Islamist party that had been outlawed for 15 years by the government of ousted President Hosni Mubarak. The Wasat, or Center Party, was founded in 1996 by activists who split from Egypt's main Islamist movement, the Muslim Brotherhood.The Center Party previously applied four times for an official license, but those bids were rejected by members of Mubarak's former ruling party.
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