WTI crude oil (USO) gains another 2.2% in overnight trade, now fetching $101.80 per barrel,...

|By:, SA News Editor

WTI crude oil (USOgains another 2.2% in overnight trade, now fetching $101.80 per barrel, the highest level in about 15 months amid political turmoil in Egypt. The situation may be bad enough to threaten the region's oil supplies, but the Egyptian stock market rose 4.9% today suggesting some measure of hope. The Egypt Index ETF (EGPT) gained 5.8% in New York trade. S&P 500 futures -0.2%.