Nigerian Militants Help Rise Crude Oil Prices

30.06.2009 02:22

A small group of insurgents in Nigeria's oil-rich Niger Delta helped drive up oil prices around the world yesterday.

They announced a strike against one of Royal Dutch Shell's two main export terminals in the West African nation, Washington Post reports.

It caused crude oil rising to an 8-month high above $73 a barrel in New York, Bloomberg reports.

This time the militants are partly damaged and shut down a Royal Dutch Shell offshore oil platform, The Associated Press reports.

Meanwhile, President Umaru Yar’Adua is to present the terms of an amnesty proposal today for militants who give up their arms and agree to a ceasefire, Businessday reports.

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