Oil Prices to Remain Above $100

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While investors are focused on events in Japan, oil prices have crept
back above $100 a barrel as tension in the Middle East escalates.

The
U.S. is now supporting a “no-fly zone” over Libya, and perhaps even
strategic air strikes. And the government in Bahrain has apparently
invited the Saudi Arabian military to help it suppress protests in
Bahrain.

Iranian leaders are complaining to the U.N. about the presence of Saudi
troops in Bahrain; this is mostly fueled by the fact that the protesters
in Bahrain are Shiite Muslims, like the Iranians, while Bahrain

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