News Wrap: Egypt's Political Crisis Causes Oil Price Spike

In other news Wednesday, the price of oil spiked as Egypt's political situation unfolded. For the first time in over a year, the cost of a barrel passed the $102 mark. Also, France called for a two-week suspension of trade talks between the U.S. and E.U. in response to reports that the U.S. bugged its European allies' offices.