(Bloomberg) -- Crude oil was little changed in New
York after falling yesterday as the end of a two-day strike by
Nigerian oil workers reduced the risk of further supply cuts and
as holidays in the U.S. and Europe lowered trading volumes.
More than 6,000 workers of the state-owned Nigerian
National Petroleum Co. went back to work May 26, ending a strike
that threatened to slow exports from Africa's biggest oil
producer. Brent crude oil, the benchmark for Nigeria's exports,
dropped 1.4 percent yesterday to close below $70 a barrel for
the first time in four days.
Read more at Bloomberg Commodities News
York after falling yesterday as the end of a two-day strike by
Nigerian oil workers reduced the risk of further supply cuts and
as holidays in the U.S. and Europe lowered trading volumes.
More than 6,000 workers of the state-owned Nigerian
National Petroleum Co. went back to work May 26, ending a strike
that threatened to slow exports from Africa's biggest oil
producer. Brent crude oil, the benchmark for Nigeria's exports,
dropped 1.4 percent yesterday to close below $70 a barrel for
the first time in four days.
Read more at Bloomberg Commodities News
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