Monday, June 4, 2007

Oil Is Little Changed Amid Concern Kidnappings in Nigeria May Cut Output

(Bloomberg) -- Crude oil rebounded on concern the
latest series of kidnappings in Nigeria, Africa's largest oil
producer, may further disrupt supplies.

Four employees of Houston-based Schlumberger Ltd. were taken
June 2 from a compound in Port Harcourt, said Stephen Whittaker, a
spokesman for the company. Yesterday, gunmen shot dead a driver and
abducted six workers of United Co. Rusal from housing at the Alscon
aluminum smelter, in southern Nigeria, a company spokeswoman said.


Read more at Bloomberg Commodities News

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