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Nigerian violence continues to push oil prices up

Oil prices rose Thursday despite a U.S. report showing that stocks of gasoline, crude and distillate fuels all rose, as markets worried about violence in Nigeria, Africa's largest producer and a leading supplier to the United States, according to the Associated Press.
Light, sweet crude for June delivery rose 66 cents to $62.21 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe. Brent crude for June gained 82 cents to $66.02 a barrel on the ICE Futures exchange in London.
See my blog tomorrow for an analysis of what's going on in Nigeria.

Posted by   at 1:01 PM to Oil | Permalink

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