Crude Oil Falls as Supply Concerns Ease After Nigerian Strike Is Settled

(Bloomberg) -- Crude oil fell in New York after a
strike in Nigeria was settled, easing concerns about supply
disruptions from Africa's biggest oil producer.

Labor unions called off the four-day strike after the
government said it will restrict domestic fuel price rises and
review the sale of two state-owned oil refineries, Lumumba
Okugbawa, deputy general secretary of the Petroleum & Natural Gas
Senior Staff Association of Nigeria, said June 23.


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