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EYE ON AFRICA

Kasai province killings : government releases footage allegedly showing execution of UN investigators

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MEDIAWATCH

France's First Round Controversies

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THE CAMPAIGN BEAT

"Front National" makes it to the second round for the first time since 2002

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THE DEBATE

Macron vs. Le Pen: Unprecedented Choice in French Presidential Election (part 1)

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THE DEBATE

Macron vs. Le Pen: Unprecedented Choice in French Presidential Election (part 2)

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ENCORE!

Khatia Buniatishvili, the 'pop star pianist'

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IN THE PAPERS

French press review: Macron 'just a step away' from Elysée Palace

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THE CAMPAIGN BEAT

Will the traditional alliance against France's National Front work in round two?

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TALKING EUROPE

Greek Cypriot negotiator: 'We regret that Turkey is distancing itself from Europe'

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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

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