Thursday, June 21, 2007

Oil Rises, Approaching $70, as Nigerian Strike Spreads to Export Terminals

(Bloomberg) -- Crude oil rose, approaching $70 a
barrel in New York, after Nigerian workers left the country's
export terminals, threatening shipments from Africa's biggest oil
producer.

Nigerian unions increased pressure on the government in the
second day of the strike, protesting increases in taxes and fuel
prices. The Petroleum & Natural Gas Senior Staff Association of
Nigeria, or Pengassan, will hold more talks with the government
today, said Lumumba Okugbawa, a spokesman for the group.


Read more at Bloomberg Energy News

No comments: