Oil prices continue to rise

9th June 2016 | Commercial Energy

Oil prices are continuing to rise on fear about sabotage of oil facilities in Nigeria. Prices have again hit highs of more than $50 a barrel.
Oil prices have risen after the Niger Delta Avengers militant group said it had blown up a Chevron oil well in Nigeria, after rejecting peace talks with the government. These attacks have brought oil output in Nigeria, formerly Africa’s largest crude producer, to a 20 year low.
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