The price of oil marched higher Friday with a positive report on U.S. hiring and ongoing concerns about the crisis in Egypt.
Benchmark crude for August delivery rose $1.98, or 2 percent, to finish at $103.22 per barrel on the New York Mercantile Exchange. That’s the highest closing price since May 2, 2012.
Following the ouster of Egyptian president Mohammed Morsi on Wednesday, his supporters began a series of protests and attacks Friday. The military opened fire as hundreds of protesters marched on a headquarters of the Republican Guard.