"Much of the world’s oil production comes from the Middle East and North Africa (the MENA region). For example, of the 12 OPEC (Organization of Petroleum Exporting Countries) member nations, eight are located in the Middle East or North Africa.
Because of the concentration of the world’s oil produced from the MENA region, geopolitical unrest in the area could threaten oil supplies.
The price of oil is higher Friday amid ongoing concerns that the crisis in Egypt might affect Mideast supplies."
'via Blog this'
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