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Oil bulls take the price above $100, where next?
The political drama unfolding in Egypt drives US crude futures to 14 month highs – with brent futures hitting a two week high,.
Egypt is home to the Suez Canal - one of the world’s busiest shipping lanes, and as such is vital to oil supplies around the world.
The political uncertainty in Egypt and Portugal also helped Gold climb higher – but the mood remains cautious.
Gold has fallen sharply since Federal Reserve Chairman Ben Bernanke said last month the U.S. economy was recovering strongly enough for the central bank to begin pulling back on its monetary easing.
The metal fell to nearly a three-year low last week and is down 25 percent for the year.
Silver it fell on the week down over 2 percent.
01:52 minutes
Tags: ben bernanke, brent, central banks, commodities, economy, egypt, gold, monetary easing, oil, ole hansen, political drama, saxo bank, saxo tv, silver, suez, tradingfloor.com, us, wti