Nigeria Strike Concern Helps Oil to 1% Gain

by George Belekos, KPI Bridge Oil
Thursday December 7, 2017

The threat of an oil workers strike in Nigeria helped prop oil up more than 1% today.

Howerver, there is still time for Africa's top oil exporter to appease the union before the strike date of December 18th.

It was also an opportunity for traders to cover short position and losses from yesterdays sell off.

Bunker prices were firmer in the primary ports.

WTI JAN $56.69/BBL UP $0.73/BBL
Brent FEB $62.20/BBL UP $0.98/BBL