Tuesday, 19 June 2007

Oil Is Steady at Nine-Month High Amid Threat of General Strike in Nigeria

(Bloomberg) -- Crude oil was little changed at a
nine-month high in New York amid concern that a strike will curb
fuel shipments from Nigeria, Africa's biggest oil producer.

The strike is going ahead tomorrow, according to John Odah,
general secretary of the Nigeria Labour Congress. Union
representatives demanded that the government rescind a motor-fuel
price increase implemented last month.


Read more at Bloomberg Energy News

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