Egypt signs $350 million in oil, power financing deals with Saudi Arabia

CAIRO: Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.

WTI Oil Trades Near Two-Week High Amid Unrest in Egypt

West Texas Intermediate crude traded near the highest price in two weeks as an escalating conflict in Egypt fanned concern that oil shipments through the country may be disrupted.