Sunday, 08 July 2007

Crude Oil Trades Near a 10-Month High on Nigeria, North Sea Supply Risks

(Bloomberg) -- Crude oil was little changed near a
10-month high on concern unrest in Nigeria and maintenance of a
North Sea oil field will reduce supplies.

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 Commodities News

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