Monday, 25 June 2007

Oil slides $1 as Nigeria supply worries ease

(Reuters) - Oil prices fell by more than $1 to near $70 on Monday after Royal Dutch Shell said it was preparing to resume exports from a Nigerian oilfield abandoned over a year ago because of militant attacks.

The news came two days after Nigerian unions ended a general strike that had threatened to halt shipments from Africa's biggest oil producer.


Read more at Reuters Africa

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