Thursday, June 21, 2007

Crude Oil Is Steady After Three Days of Declines on Nigerian Strike Doubts

(Bloomberg) -- Crude oil was little changed in New
York after three days of declines on doubts strikes in Nigeria
have halted the exports from Africa's largest producer.

Oil workers left Nigeria's export terminals yesterday in the
second day of a general strike protesting an increase in domestic
fuel prices. Loadings continued, Reuters reported, citing oil and
shipping company executives. Water and power supplies may be cut
today as the nation's main unions toughen their stance with the
government, Agence France-Presse reported.


Read more at Bloomberg Commodities News

No comments: