Thursday, June 21, 2007

Oil up as Nigeria strike concerns resurface

(Reuters) - Oil resumed its upward march on Thursday, shrugging off steep falls a day earlier triggered by bearish U.S. data, as the market turned its focus back to a strike in Nigeria and OPEC doused hopes of an output increase.

Oil supplies from Africa's top oil exporter were as yet unaffected on the second day of the general strike that has paralysed most economic activity in Nigeria, with loading of tankers at export terminals continuing normally.


Read more at Reuters Africa

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