Wednesday, May 30, 2007

Crude Oil Rises on Supply Concerns as Militants Attack Nigerian Pipeline

(Bloomberg) -- Crude oil in New York pared gains after
production began to resume from a Nigerian pipeline that was
attacked and shut down yesterday.

Royal Dutch Shell Plc, Europe's largest oil company by market
value, has begun restoring 150,000 barrels of lost output after an
attack on a pipeline yesterday, said spokesman Precious Okolobo.


Read more at Bloomberg Commodities News

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