Nigeria unrest drives oil higher
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PARIS Crude oil prices rose to a record Thursday, reaching $53 for the first time amid continuing disruption to US production and a threat to Nigerian output from worker unrest.
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By Andrew MItchell LONDON  - Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.
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A nationwide strike went on Monday in Nigeria to protest against rising fuel prices, bringing much ofAfrica&#39;s top oil producer to a near standstill.
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Tens of millions of Nigerian workers began a nationwide strike over rising fuel prices as President Olusegun Obasanjo's sought to draw union leaders into talks and world oil prices soared.
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High-flying oil climbed back over $50 a  barrel on Thursday, with worries over the security of Nigerian  supply supporting prices despite a surprise build in U.S. crude  inventories.
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Crude oil rose after the biggest labor organization in Nigeria, the fifth-largest crude-oil supplier to the US, called for a strike later this month that could end up disrupting the country&#39;s oil exports.
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Oil prices vaulted to a record $100 a  barrel on Wednesday as violence in Nigeria, tight energy  stockpiles and a weaker dollar triggered a surge of speculative  buying, dealers said.
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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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PORT HARCOURT, Nigeria : The leader of rebels in Nigeria&#39;s Niger Delta, the hub of the country&#39;s oil wealth, where unrest sent world crude prices soaring this week, said his group had no quarrel with multinationals operating in the region.
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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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Crude oil futures gained Friday as traders worried that labor unrest in Nigeria might cause fresh supply disruptions. On the New York Mercantile Exchange, crude oil for December
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London crude prices have hit record highs as Nigeria emerges as the new focus of worries about supply security on world oil markets.
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By Richard Mably LONDON  - London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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A general strike in Nigeria which has helped push world oil prices to record highs entered its second day Tuesday, as labor unions continued protest over the rising cost of fuel at home.
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An African-based investment analyst says further rises in global oil prices are likely, given the growing possibility of civil war in the world&#39;s sixth-largest oil producer, Nigeria.
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A revolt in the African state is threatening to disrupt the country&#39;s most important export. Christian Allen Purefoy reports from Lagos on the latest conflict driving up the price of crude.