(Source: The Economist)

The price of oil for the past month has been experiencing an upward trend reaching its highest price of $106/barrel since the 2008 financial crisis where it had then dropped to almost $52/barrel. However, this rise in the price of oil has been preceded by a constant increase over the past two years which is duly attributed to the come back of the world economy from its severest recession in history and therefore revamping the demand for oil; an important input to production. Emerging countries such as China and India were the main drivers behind this healing growth as both of their economies are developing at incredible rates and thus increasing demand for primary and intermediate goods of which oil is part of the former and the latter.

Ever since the Jasmine revolution, the Arabic scene has been in turmoil. Like dominos, governments are being toppled one after the other, and the infectious itch for rights and freedom is spreading like wildfire. Rulers of the Arab world are now looking over their shoulders and sleeping with one eye open with all of their attention resting on Egypt, the cornerstone of the region. An important ally to the United States and a major player in the Middle-East, Egypt's ongoing revolution, if successful, can have serious repercussions on the region and consequently the world.

Men and women all over the Arabic world have taken to the streets to vent and let their anger go. Years upon years of bottled up rage and frustration are being flooded onto the alleyways and corridors of various Arabic cities across the African Continent and the Arabic Peninsula.