19 June 2008 18:46 [Source: ICIS news]
HOUSTON (ICIS news)--NYMEX light sweet crude futures for July delivery sold down by $4.36 to $132.32/bbl on Thursday following a report that China was hiking fuel prices, which could result in lower oil demand.
Overnight reports of a militant attack against a Nigerian oil installation - causing production shutdowns - lifted prices to $137.82/bbl before the rally was capped.
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