Wednesday, March 2, 2011

GRAPHICS: The revolt in the Arab cause a spike in oil prices

The instability of the regimes in North Africa and the Middle East leading to higher oil prices with the global economy, still recovering from the financial crisis of 2008, is without.

In an attempt to limit the soaring prices, the chairman of the Federal Reserve Ben Bernanke is mounted to the front on Tuesday. In a speech to U.S. lawmakers, he tried to reassure the markets by saying that high oil prices will probably lead to no significant inflation.Meanwhile, Saudi Arabia, the world's biggest oil exporter, pledged to increase its crude production.

But that was not enough to counter rising oil prices, which have continued to rise in the markets. In two and a half months, the price of a barrel of crude has increased nearly $ 20.



Souces: db-markets.com; digitallook.com

17 décembre 2010 to 91.67 dollars (U.S.) - In a gesture of despair, the young unemployed Bouazizi Mohammed himself on fire in Tunisia, triggering a wave of protests against the ruling regime unprecedented in the country.The anger against the ruling regimes is rapidly spreading to neighboring countries.

14 janvier 2011 to 98.38 dollars (U.S.) - Tunisian President Zine el-Abidine Ben Ali fled the country.

25 janvier 2011 to 95.35 dollars (U.S.) - Thousands of demonstrators gathered in Tahrir Square, Cairo, call for the resignation of President Hosni Mubarak, in power for 30 years in Egypt.

11 février 2011 to 101.11 dollars (U.S.) - After two weeks of protest, the Egyptian President Hosni Mubarak stepped down under pressure from the street.

17 février 2011 to 104.01 dollars (U.S.) - In Bahrain, riot police violently dispersed demonstrators camp who had moved to the center of the capital, Manama.The same day, police opened fire against protesters in Yemen and Libya.

23 février 2011 to 110.34 dollars (U.S.) - Libya's second city, Benghazi, fell to the opposition.