Brent North Sea crude for July shed 23 cents to $70.46 per barrel.
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Oil Prices Dropped On Nigeris Strike Suspension
Oil prices edged lower in Asian trade Monday as Nigeria's oil unions...
Oil prices edged lower in Asian trade Monday as Nigeria's oil unions suspended a two-day-old strike over the weekend, relieving concerns of possible disruptions to shipments, dealers said.
The market remains focused on tight gasoline (petrol) supplies as the peak-demand US summer driving season got underway Saturday, they added.
New York's main oil futures contract, light sweet crude for delivery in July, was down 30 cents at $64.90 per barrel from $65.20 in US trades Friday.
Brent North Sea crude for July shed 23 cents to $70.46 per barrel.
Brent North Sea crude for July shed 23 cents to $70.46 per barrel.
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