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Newswire.co.uk: Oil Rebounds As Fighting Flares In Nigeria

8:38 am, Thursday 05 Oct 2006 
 
Oil prices have rebounded after fighting between rebels and government troops in oil exporting country Nigeria.

U.S. crude rose 73 cents to $US59.41 a barrel, after falling to an 8-month low of $US57.75. London Brent rose 79 cents to $US59.22.

Nigerian rebels and troops were engaged in a fight near an oil pumping station operated by Royal Dutch Shell in the eastern part of the Niger Delta on Wednesday.

© NewsRoom 2006

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