The Egyptian army seized control of the
government on Wednesday, ousting the country’s first democratically elected
president. Oil prices driven by the events of a military coup in Egypt reached
their highest point of the year at $103.22 a barrel. The benchmark for oil
prices in Europe - Brent crude rose to $107.43 a barrel.
The benchmark Tokyo rubber futures rose as
solid U.S. jobs growth data late last week lifted hopes of improvement in the
world’s top economy and caused the dollar to rise against the yen. On Monday, the
Tokyo Commodity Exchange rubber contract for December delivery most probably
will touch a low of ¥241 per kg.
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