Sunday, June 24, 2007

Oil slides nearly 1 pct as Nigerian strike ends

(Reuters) - Oil prices fell by more than half a dollar to below $71 a barrel on Monday as Nigerian unions ended a strike that had threatened to disrupt oil exports.

Benchmark London Brent crude for August fell 64 cents or 0.9 percent to $70.54 a barrel by 0636 GMT. The contract touched a 10-month high of $72.25 a barrel early last week as dealers fretted over the potential impact of the general strike.


Read more at Reuters Africa

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