Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Calais: a no-man's land for migrants

Read more

MEDIAWATCH

Poland protests for right to abort

Read more

THE DEBATE

Poland's existential struggle: Abortion debate spurs protests over right-wing shift

Read more

THE INTERVIEW

'Equatorial Guinea's attempted coup began in France,' President Obiang tells FRANCE 24

Read more

ENCORE!

Film show: '3 Billboards', 'In The Fade' and 'Downsizing'

Read more

FOCUS

Why Hong Kong is Asia's electronic garbage dump

Read more

THE INTERVIEW

IOM chief: 'Migrants are the quintessential agents of development'

Read more

EYE ON AFRICA

Nigerian army releases 244 Boko Haram suspects

Read more

BUSINESS DAILY

Bitcoin takes a tumble over regulation fears

Read more

Business

Graph: Turmoil sends oil prices soaring

Text by FRANCE 24

Latest update : 2011-03-02

Comments by US Federal Reserve chairman Ben Bernanke and a pledge by Saudi Arabia to increase oil output have failed to curb oil prices, which continued to climb Tuesday on fears of the political turmoil in North Africa and the Middle East.

Bernanke told US lawmakers that high oil prices would probably not lead to significant inflation. But he warned that prolonged regional turmoil, and sustained high prices, could eventually damage the US economy.

On Monday Saudi Arabia pledged to increase its oil production to compensate for the downturn in output by crisis-hit Libya, but the announcement did not immediately stabilize the markets.


Dec. 17 - $91.67 - Tunisian man sets himself on fire in protest, sparking wave of discontent across the country.

Jan. 14 - $98.38 - Tunisian unrest hits boiling point, President Zine al-Abidine Ben Ali flees the country.

Jan. 25 - $95.35 - Thousands of protesters in Egypt call for President Hosni Mubarak to step down.

Feb. 11 - $101.11 - Egyptian president resigns.

Feb. 17 - $104.01 - Bahrain riot police break up protests in the capital, Manama; Yemeni police open fire on protesters; Libyan demonstrators clash with police during “Day of Anger”.

Feb. 23 - $110.34 - Libya’s second city, Benghazi, falls to opposition forces.

Date created : 2011-03-01

COMMENT(S)