Oil Goes Up While Gold, Stocks Decline; Qantas Shares Down 2.2%
Oil prices rose to a nine-month high as Asian stocks took a beating and social unrest in Egypt led to uncertain global economic outlook. The sell-off in Asia and Australia ensued after President Mohammed Morsi of Egypt held on to his position despite calls for a resignation. The army had also threatened the President that it would consider the constitution null and void.
