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May 3, 2007

Oil prices jump on Nigerian woes

Oil prices rose Thursday after reports of more attacks on oil workers in Nigeria, Africa's largest oil producer, raised worries about supplies, according to the Associated Press.
Gunmen kidnapped at least 19 people in less than 24 hours in three attacks - seizing people from a vessel managed by a subsidiary of Italian oil firm Eni SpA, from a South Korean company's power plant construction site and from a bar near an oil compound, officials and witnesses said. At least one police officer was injured.

Posted by   at 10:00 AM to Oil | Permalink

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Peter C. T. Elsworth
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