Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

President Robert Mugabe emerges from house arrest

Read more

MEDIAWATCH

Harassment and hypocrisy in Washington

Read more

THE WORLD THIS WEEK

Military pressures Robert Mugabe to step down, Macron mediates Lebanon crisis

Read more

FRANCE IN FOCUS

France raises a glass to tourism

Read more

FOCUS

France's newest political party accused of 'old' methods

Read more

#THE 51%

Hear me roar: The growing economic power of older women

Read more

#TECH 24

The future of surgery

Read more

DOWN TO EARTH

The tiny parasite threatening your salmon sushi

Read more

ENCORE!

Director Joachim Trier: True horror is a 'lack of self-acceptance'

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)