THE EGYPTIAN ARMY EFFORT IN SECURING ITS PORTS AND BORDERS ATTRIBUTED TO THE HIGH DEMAND AND SOARING CRUDE OIL PRICES IN MANY EUROPEAN COUNTRIES.

The Egyptian army effort in securing its ports and borders during the uprising in the Egyptian capital city Cairo and the cities in the neighborhood resulted in high demand of crude oil in many European countries and the increase in price of crude oil per barrel in many European cities has exceeded a hundred us dollars per barrel. However, the price per barrel of crude oil in the USA domestic markets has remained stable at the price of $92.19 per barrel , due to the diversified import routes of shipments by various competitive oil companies.

Written by Godfrey Ohia.