(Bloomberg) -- Brent crude-oil futures traded above
$78 a barrel in London for the first time since Aug. 9 as
maintenance shutdowns limited North Sea supplies and violence in
Nigeria curbed its oil exports.
The August Brent contract rose as high as $78.02 a barrel and
was trading at $78 a barrel, up 43 cents, at 8:38 a.m. on London's
ICE Futures exchange. Brent has averaged $64.56 so far this year
for contracts closest to delivery, after averaging $66.11 last
year, $55.25 in 2005 and $38.04 in 2004.
Read more at Bloomberg Energy News
$78 a barrel in London for the first time since Aug. 9 as
maintenance shutdowns limited North Sea supplies and violence in
Nigeria curbed its oil exports.
The August Brent contract rose as high as $78.02 a barrel and
was trading at $78 a barrel, up 43 cents, at 8:38 a.m. on London's
ICE Futures exchange. Brent has averaged $64.56 so far this year
for contracts closest to delivery, after averaging $66.11 last
year, $55.25 in 2005 and $38.04 in 2004.
Read more at Bloomberg Energy News
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