(Bloomberg) -- Crude oil rose to a nine-month high
in New York on concern that a planned general strike tomorrow
will curb fuel shipments from Nigeria, Africa's biggest oil
producer.
Union representatives meeting with government officials are
demanding that a motor-fuel price increase implemented last month
be rescinded, a labor leader said. Eni SpA declared force majeure
after one of its stations in Nigeria was attacked by militants
June 17. Force majeure is a legal clause meaning deliveries are
suspended because of conditions beyond the company's control.
Read more at Bloomberg Commodities News
in New York on concern that a planned general strike tomorrow
will curb fuel shipments from Nigeria, Africa's biggest oil
producer.
Union representatives meeting with government officials are
demanding that a motor-fuel price increase implemented last month
be rescinded, a labor leader said. Eni SpA declared force majeure
after one of its stations in Nigeria was attacked by militants
June 17. Force majeure is a legal clause meaning deliveries are
suspended because of conditions beyond the company's control.
Read more at Bloomberg Commodities News
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