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Oil prices rising on Nigeria's instablilty

Oil prices climbed to $67 a barrel in London today after Nigeria's presidential election drew condemnation from monitors and investors waited for fresh word on oil supplies from the world's eighth biggest exporter, according to Reuters.
Militant attacks have shut about a fifth of Nigeria's oil production. Energy Minister Edmund Daukoru said last week he expected the country's biggest foreign operator, Royal Dutch Shell to restart its Forcados fields in May.
London's Brent crude was up 51 cents at $67.00 a barrel; U.S. crude was up four cents at $64.15.

Posted by   at 10:05 AM to Oil | Permalink

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