Niger-Delta Crisis Lose Impact On Oil Prices.

(From Vanguard (Nigeria) - AAGM)

Byline: Hector Igbikiowubo With Agency Reports

FOR the first time since the crisis in the Niger- Delta snowballed into a development with implications for global pricing of crude oil and gas, oil prices fell, early last week, despite news that three foreign oil workers had been kidnapped in the region amid signs of escalation.

Oil futures had risen more than $1 a barrel, Friday, on a U.S. warning that Nigerian militants might be planning to expand their activities beyond the restive southern petroleum-producing regions. Scores of foreign workers have been kidnapped in the Niger-Delta region since January.

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