Oil Prices Ease as Nigerian Strike Ends

Oil prices stabilised to below $71 a barrel today as investors assessed the potential for higher Nigerian crude exports following the end of the country's general strike.

Royal Dutch Shell plans to restart exports next month from the country's Forcados terminal.

Nigeria's four oil refineries have been shut for months due to sabotage and mismanagement, leaving Africa's largest producer of crude entirely dependent on imports to meet its fuel needs.