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The case for Crude Oil trading above $107 in the coming weeks


 (Image Source: Ap)

The continuing bloody clashes between Morsi backers and the Egyptian government are reaching a boiling point. According to the Washington Post, over a 1,000 people were killed on today. A storm of violent clashes are gathering in the country, which could severely destabilize the country and the whole region. Egypt is critical in the supply chain of crude oil. Any disruption in the supply will cause prices to spike.

As the level of violence spikes with no political solution is in sight, crude oil will rise. There will be questions about the ability of the government to control shipping lanes.