Crude Futures in Focus Ahead of FOMC Minutes

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Crude Ticks Higher Following Crackdown in Egypt (OIL) (USO)

August 15, 2013 11:02 AM EDT

Crude oil prices rose above $107 per barrel Thursday as violence in Egypt increased with the military crackdown on supporters of ousted Egyptian president Mohammed Morsi. Many believe the Middle East is now more unstable, which could lead to problems in oil shipments as Egypt controls the Suez Canal and Sumed... More