(Bloomberg) -- Crude oil traded little changed in New York, near $62 a barrel, after Chevron Corp. said four contractors were kidnapped in Nigeria, raising concern supplies from Africa's largest producer would be disrupted.
Four U.S. citizens working a Chevron contractor were abducted in the Niger delta, said Femi Odumabo, a spokesman for Chevron's Nigerian venture. U.S. refineries may have increased production last week by 1 percentage point before the summer driving season, according to a Bloomberg News survey of analysts.
Read more at Bloomberg Energy News
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