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Fears of oil shutdown as Nigerian strike continues
Threat of shutdown in fifth-largest oil exporter to US could shake oil futures amid concern about worldwide supplyNigeria’s government and labour unions have failed to end a paralysing nationwide strike over high gasoline costs, potentially sparking an oil production shutdown in a nation vital to US oil supplies. Nigeria Labour Congress president Abdulwaheed Omar told journalists outside the presidential palace: “We have not reached a compromise.
published date:Sun, 15 Jan 2012 00:00:14 GMT