Crude Oil prices rise

Crude Surges Past $100 As Cairo Death Toll Rises

Zero Hedge,

2 July, 2013

Following Mursi's TV and Twitter statement earlier, when WTI crude futures re-openedand immediately started to accelerate higher, breaking decisively through the Maginot Line of $100 (on their way to $4.00 gas at the pump in the US). The tensions are escalating between pro- and anti-Mursi protesters as Reuters reports 3 more dead and a further 90 wounded today.

How serious is this? Well credit markets appear to think twice as serious as Mubarak's overthrow...