Nigerian violence propels oil prices
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LONDON -- Crude oil prices rose yesterday after a deadly attack on an oil facility in Nigeria, and as the US dollar weakened because of speculation of further interest rate hikes in Europe.
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Up to 500 people could have been killed in violence in a southern Nigerian oil town, say Amnesty International.
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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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Crude oil in New York approached $70 a barrel for the first time since September after Nigerian unions planned a strike this week, threatening supplies from Africa's biggest oil producer.
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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 rebel warlord accused the Nigerian  government of violating a cease-fire and threatened to blow up  a gas plant on Friday, reviving a threat to Nigerian oil  operations which has driven crude prices to a record high.
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Crude prices have hit record highs as Nigeria emerges as the new focus of worries about supply security on world oil markets. London Brent on the International Petroleum
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Oil prices rose to record highs Monday  near $50 a barrel for U.S. crude as Nigeria emerged as the  latest focus for worries about supply in an already tight  worldwide energy market.
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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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PORT HARCOURT, Nigeria  - Two explosions hit Nigeria's oil industry on Monday, industry sources said, moments after a militant group threatened to detonate three car bombs in the Niger Delta.
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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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NEW YORK, November 12  - Crude oil prices were volatile this morning, briefly rising on concerns regarding potential crude export disruptions in Nigeria due to a nationwide strike.
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Crude oil prices rose Friday amid worries about supply after Nigeria's powerful oil unions went on strike and gunmen kidnapped six oil workers in the nation's south. Concern about more tensions with Iran was also a factor.
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Nigeria is working to soon restore losses in oil production because of militant attacks on some pipelines, the country's finance minister said Tuesday.
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Rising tension in Nigeria has pushed US crude oil futures to the psychological $50 a barrel level in New York. Prices rose 36 cents in electronic trading Monday evening to touch $50, the
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Oil prices were forced higher today by an outbreak of violence in Saudi Arabia and concerns that Opec may cut output. The cost of a barrel of light, sweet crude oil climbed
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Oil halted a three-day slide to rise above $97 a barrel on Tuesday, lifted by a threat of violence in Nigeria's oil region and expectations of a further drop in crude stocks in top consumer the United States.