Oil prices rise on Nigerian strike concerns
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NEW YORK, November 1  - World crude oil prices rose in Asia trading this morning, with the Nigerian oil unions beginning their protests in a build-up to a nationwide general strike planned for later this month.
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A four-day national strike has begun in Nigeria in protest at a 25% increase in the cost of oil. Oil executives in Nigeria said they were confident there would be no immediate disruption to exports.
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.
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As soon as oil traders heard Wednesday that oil workers in Nigeria, a major petroleum exporter, threatened to join a national strike, their frenzied bidding drove up the price of crude oil by more than 90 cents, to more than $52 a barrel.
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Unions began a four-day strike against rising fuel prices in Nigeria on Monday, helping drive world oil prices to record highs even though shipments from Africa&#39;s top producer were unaffected.
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Oil rose as Nigeria, the world top oil exporter, sees the call for a strike later this month. December crude oil lifted 24 cents to $52.
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Oil prices ended above $50 a barrel on Friday amid concern over possible fighting between rebels and the military in Nigeria&#39;s oil-rich delta region.
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Unions began a four-day strike against  rising fuel prices in Nigeria on Monday, helping drive world  oil prices to record highs even though shipments from Africa's  top producer were unaffected.
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Oil prices surged by more than 2.0 dollars on Wednesday, supported by unrest in crude producer Nigeria and the prospect of falling energy inventories in the United States, dealers said.
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Oil prices rose on Friday as a sabotage  attack on Iraqi oil infrastructure reignited concern about the  reliability of crude exports from the country despite a peace  deal to end an uprising in Najaf.
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LONDON: World oil prices rose yesterday on concerns over the possibility of further unrest in major producer Iraq despite a ceasefire in Najaf, where fighting has raged for weeks, traders said.
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Crude oil prices in New York remained high Tuesday after Nigerian rebels threatened oil output in the largest African oil-producing country.
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OIL prices surged past $50 a barrel yesterday, driven to the historic high by the threat of an armed uprising in Nigeria against the government and multinationals.
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Nigerian unions vowed to intensify a three-day-old strike against a rise in fuel prices in Africa's top oil producer on Friday after overnight talks ended in deadlock.
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A four-day general strike over rising fuel prices has begun in Nigeria, Africa&#39;s largest oil producer. The largest trade union grouping in the country, the Nigerian Labour Congress, said more strikes will
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Oil prices ended above $50 a barrel on  Friday amid concern over possible fighting between rebels and  the military in Nigeria's oil-rich delta region.
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A fresh attack on oil facilities in Nigeria and possible strike action by workers there sends oil prices above $70 a barrel.