RealNews

Oil dips after Nigeria-led surge, looks to US data

Oil prices dipped toward $62 a barrel on Wednesday, shedding some gains from a major disruption to Nigeria’s exports as dealers braced for another increase in already robust U.S. inventories. U.S. crude futures for April delivery traded 27 cents lower, or 0.43 percent, to $62.47 a barrel. London Brent crude shed 20 cents to $61.40 a barrel. The U.S. contract soared $1.45 gain on Tuesday after Nigerian militant attacks at the weekend shut in a fifth of crude supply from the world’s eighth-largest oil exporter. Full Story

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