Friday, July 6, 2007

Oil Rises on Concern Nigeria Unrest, North Sea Maintenance Will Cut Supply

(Bloomberg) -- Crude oil rose to a 10-month high on
concern unrest in Nigeria and maintenance of a North Sea oil
field will curb supply as unexpected refinery closures cut fuel
output.

The main militant group in Nigeria's oil-producing Niger
River delta region condemned the kidnapping of a 3-year-old
British girl. Brent oil, produced in the North Sea, is also
rising because of planned maintenance at a field in the region.
Refineries in California, Texas and Kansas have shut or slowed
operations this week.


Read more at Bloomberg Energy News

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