Oil hits highest price in more than a year

Oil prices are going up.

They hit $102.18{}a barrel Wednesday, which{}is the{}highest the price in over a year.{}{} The recent protests in Egypt are partially to blame.{} Traders fear tensions there could spread to the broader middle east.

Traders say an improving economy and a rise in demand for crude may also be playing a role in the increase.

Oil prices have risen about 16% in the last two months.