Oil rises on news of Nigerian rig attack

Courtesy Topix - Business News  Thu, 06/19/2008 - 22:31

Oil prices rose in Asia on news that a Nigerian militant group attacked an oil installation Thursday, raising concerns about possible supply outages in Africa's largest oil producer.

Light, sweet crude for July delivery was up 23 cents to $136.91 a barrel in Asian electronic trading on the New York Mercantile Exchange by midafternoon in Singapore.

The contract on Wednesday rose $2.67 to settle at $136.68 a barrel.

A leader of the Movement for the Emancipation of the...

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