Tuesday, June 19, 2007

Crude Oil Is Little Changed at Nine-Month High on Nigerian Strike Threat

(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 will start 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 Commodities News

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