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86 19 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - CNN - 20110221:09:06:00

now the demonstrate began on december the 17th. that s after a young man burned himself to death to protest government policies. a week later, the oil price there up by $3.50 a barrel. coming at $91.50. when the egyptian revolution started, oil had come back down again. it was down to $86.19. a week after that, it was up $6 a barrel. and since february the 15th, when thousands took the streets in bahrain here, you see the start of another spike. it s been climbing since then and may, indeed, rise further. it s interesting if you look at developments in libya. libya here, libya is actually very likely to influence oil prices. because libya produces almost 2% of the world s oil. it also has the largest of africa s proven oil reserves, but only a quarter of the

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