Oil falls $1 after Nigeria oil strike ends
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Oil fell a dollar on Monday after Nigerian oil unions at the weekend suspended a two-day strike that had threatened to halt oil shipments from the world's eighth-largest oil exporter.
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Oil prices fell on Friday as traders   questioned whether planned output cuts by OPEC members Nigeria   and Venezuela would be enough to stem a two-month slide in   prices.
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Oil prices dropped from record highs  above $50 a barrel on Wednesday as the U.S. government reported  a surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed a cease-fire.
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Nigeria&#39;s main labor union on Monday indefinitely suspended a looming nationwide strike that had threatened to shut down the oil industry in the world&#39;s No.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday , dipping below $67 as traders focused on slackening demand and rising supplies.
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Nigeria ordered immediate cuts in domestic fuel prices today in a bid to avert a looming general strike that unions say will target oil exports.
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Nigeria's government cuts the price of fuel in a bid to avert a planned general strike by the country's biggest unions.
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Oil prices slid from record highs above &#36;50 a barrel Wednesday as the U.S. government reported a surprise increase in crude stocks and rebels in Nigeria's oil-rich delta region agreed to a preliminary cease-fire with the government.
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U.S. oil prices fell more than $1 on  Monday on continued profit-taking as producer-group OPEC eyed  increases in the coming months in its tight spare capacity,  countering worries over stumbling Iraqi oil exports.
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Nigerian unions began a four-day strike on Monday, helping drive world oil prices to record highs although shipments from Africa's top exporter were unaffected.
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Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally fuelled by a Mexican supply outage and the spiraling dollar.
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Crude oil, which closed above $50 a barrel for the first time in New York on Friday, fell as concerns eased that Nigerian rebels may disrupt exports from Africa&#39;s biggest oil producer.
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LONDON, United Kingdom -- Oil prices fell back from record highs Monday, ducking below 50 dollars in New York as fears of disruption to supplies from Nigeria receded after a peace deal between rival gangs in the oil-rich Niger Delta.
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Oil fell back toward $62 on Friday after   OPEC member Nigeria appeared to be alone in its decision to   trim output to stem a two-month price slide.
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Oil eased on Thursday after a surge to one-month highs in the previous session following Turkey's raid on Kurdish guerrilla targets in northern Iraq.
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Oil prices closed lower in New York trading on Wednesday for the first time in two weeks, down 39 US cents at $US49.51 a barrel, as concerns about Nigerian crude output eased and US oil inventories rose.
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Oil prices slid from record highs above $US50 a barrel Wednesday as the US government reported a surprise increase in crude stocks and rebels in Nigeria&#39;s oil-rich delta region agreed to a preliminary cease-fire.