WTI Crude futures just topped $102 per barrel (the highest price in 14 months) as Reuters reports [4] 16 dead and Egypt's high command saying the army was ready to die to defend Egypt's people against terrorists and fools, in a response to Islamist President Mohamed Mursi. Their comment (via Facebook) read "We swear to God that we will sacrifice even our blood for Egypt and its people, to defend them against any terrorist, radical or fool," was issued 3 hours after Mursi's TV statement.
3:42 AM LOCAL TIME: THOUSANDS OF PEOPLE IN TAHRIR WITH A HUGE FIGHT AND AUTOMATIC GUNFIRE REPORTED AT CAIRO UNIVERSITY. 16 DEAD 200 INJURED
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On a side note the Brent-WTI spread is collapsing back to pre-Mubarak levels...
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