Monday, 28 May 2007

Crude Oil Falls in New York as Oil Workers in Nigeria End Two-Day Strike

(Bloomberg) -- Crude oil fell in New York after oil
workers in Nigeria, the biggest producer in Africa, ended a two-
day strike.

The government met union demands for higher pay, Lumumba
Okugbawa, deputy general secretary of the Petroleum & Natural
Gas Senior Staff Association of Nigeria, said in Lagos today.
The West African nation is losing more than 600,000 barrels
of output a day because of violence, kidnappings and damage
to facilities.


Read more at Bloomberg Bonds News

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