Investors are likely to rethink their equity strategy this week as tensions in parts of the Mena region push oil prices higher.
Protests in Bahrain, Yemen and Iran have raised concern about instability in an area that holds about 60 per cent of global oil reserves. Confusion also surrounds the reopening of Egypt's stock exchange.
London crude prices extended gains last week to hold at two-and-a-half-year highs of more than US$104 a barrel, as fresh Israel-Iran tension stoked fears of a disruption to oil flows in the region.
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