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October 8th, 2004:

Oil prices touch high as Shell workers strike

Daily Telegraph: Oil prices touch high as Shell workers strike

“Strikes by oil workers in Nigeria sent the price of crude above $49 a barrel in London for the first time yesterday. The members of two oil unions unexpectedly downed tools at Shell’s production facilities in a two-day protest against job cuts.”

By Malcolm Moore, Economics Correspondent (Filed: 08/10/2004)

Strikes by oil workers in Nigeria sent the price of crude above $49 a barrel in London for the first time yesterday.

The members of two oil unions unexpectedly downed tools at Shell’s production facilities in a two-day protest against job cuts.

Traders bargain in the oil pit at the New York Mercantile Exchange

The strikes came a day after the country’s main oil workers’ union said its members would cease work on Sunday if fuel prices were not cut. Shell said its production had not yet been affected. read more

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