The writing is on the wall. In the United States coal is on its way out and natural gas is on the way in. While the market only saw a slight pop on yesterday's big announcements on coal and natural gas, it signals the beginning of a new era.
Brent crude is gaining on West Texas Intermediate contract as fears are rising that the situation in Egypt could spin out of control. That tension added more upward momentum to Brent, which already was being supported by labor unrest in Libya.