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Crude Oil Futures Top $69 a Barrel

Oil prices rose today, edging above the nine-month closing high reached a day earlier, after labor unions in Nigeria rejected the government's efforts to avert a nationwide strike, according to the Associated Press.

Nigeria is Africa's biggest oil producer and one of the top overseas suppliers to the United States.

Light, sweet crude for July delivery rose 34 cents to $69.43 a barrel in afternoon trading on the New York Mercantile Exchange. The contract had risen $1.09 on Monday to settle at $69.09 a barrel, the first closing above $69 since Sept. 1.

Posted by   at 2:22 PM to Oil | Permalink

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