The last month witenessed an increase of oil prices, which exceeded the edge of $70 per barrel, reflecting some, regain of the previous session’s losses associated with the beginning of global economic recovery and a weaker U.S dollar
Egyptian President Hosni Mubarak made his first trip to Washington in over five years after strained relationship with former U.S. President George W. Bush
Despite oil prices have doubled since the beginning of this year, amid hopes that an economic recovery could boost demand, the price of a barrel of oil has fallen four percent since the presidential election held in Iran last month
Egyptian President Hosni Mubarak called for Europe to improve cooperation with the southern Mediterranean states in order to confront the global economic crisis