Thursday, July 5, 2007

Crude Oil Rises to 10-Month High on Nigerian Supply Risks, U.S. Gasoline

(Bloomberg) -- Crude oil rose to a 10-month high in
New York on concern renewed violence in Nigeria and refinery
breakdowns may curb U.S. fuel supplies.

Royal Dutch Shell Plc said yesterday five contractors were
kidnapped from a rig in Nigeria, where militant groups this week
ended a one-month truce with the government. A three-year-old
British girl, the daughter of an expatriate worker, was
kidnapped today, Police said. ConocoPhillips, the second-largest
U.S. refiner, reported a fault at its plant in Borger, Texas.


Read more at Bloomberg Energy News

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