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Nigeria Losing US, India, Indonesia Oil Markets Over Attacks

Crude oil customers from India, Indonesia and the United States are turning away from Nigerian oil over uncertainty about deliveries as attacks by militants have reduced Nigeria’s oil output. Their reluctance is limiting the prices Nigeria can get for its oil even as there is...

Oil Prices Dip As Dollar Rebounds

Oil prices edged down slightly today but held around 11-month highs thanks to a weaker dollar and forecasts for another drop in US inventories. The commodity has rebounded about 90 percent from near 13-year lows touched at the start of the year as worries over...