Friday, 06 July 2007

Oil Climbs to 10-Month High on Concern Unrest in Nigeria Will Curb Exports

(Bloomberg) -- Crude oil rose to a 10-month high on
concern that unrest in Nigeria will curb the flow of oil from
Africa's biggest producer.

The main militant group in Nigeria's oil-producing Niger
River delta region condemned the kidnapping of a 3-year-old
British girl. Oil output by the Organization of Petroleum
Exporting Countries was little changed last month, a Bloomberg
News survey showed. Brent oil, produced in the North Sea, is also
rising because of planned maintenance at a field in the region.


Read more at Bloomberg Commodities News

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