Crude Oil Rises After Nigerian Unions Call Strike to Cut Supply
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Crude oil rose in New York after reports said unions in Nigeria, the fifth-biggest supplier to the US, called a strike this month to disrupt the country&#39;s oil exports.
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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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 prices rose above 54 US dollars Thursday on speculation sparked by a pipeline explosion inMexico and a continued work stoppage in Nigeria.
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Oil prices surge over $76 barrel amid growing concern that unrest in Nigeria will damage exports.
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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 rose towards $60 a barrel on Friday, drawing strength from a disruption to supply in Nigeria and as a fall in the U.S. dollar boosted other commodities.
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Trade Unions and civil rights groups in Nigeria, Africa&#39;s largest oil exporter, have called off a national strike over fuel prices.
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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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Crude oil rose for a second day on speculation that the Organization of Petroleum Exporting Countries will call for a production cut at a meeting tomorrow.
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Crude oil climbed back over $50 a  barrel on Thursday, with worries over the security of Nigerian  supplies supporting prices despite a surprise increase in U.S.  crude inventories.
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Oil rose to $71 a barrel on Friday, near a nine-month high, as a strike in Nigeria threatened more of the country's output and Iran remained defiant over its nuclear program.
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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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Crude oil prices rose above US$54 Thursday on speculation sparked by a pipeline explosion in Mexico and a continued work stoppage in Nigeria.
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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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Crude oil futures moved to a new high Monday as oil workers joined a four-day national strike in Nigeria and some production shutdowns in the Gulf of Mexico could last as long as six months.