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June 21, 2007

Oil Tops $69 a Barrel on Nigeria Strike

Oil prices have risen above $69 a barrel as the oil industry began to feel the effects of a general strike in Nigeria, Africa's largest crude producer, according to the Associated Press.

Nigeria's labor unions launched a strike Wednesday aimed at overturning government price increases on gasoline, among other demands that the government already has conceded.

Posted by   at 12:07 PM to Oil | Permalink

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