THE NEW YORK TIMES: Oil Edges Up Near $66 on Supply Worries
“Protesters in major exporter Nigeria ended a week-long siege of oil facilities on Monday, to pave the way for talks with Royal Dutch Shell over compensation for an oil spill and fire in 2003. Such protests underlined fears over global supply security and refining constraints that have helped keep U.S. oil at an average of $53.79 this year versus $41.47 in 2004.”
Tuesday 23 August 2005
By REUTERS
Published: August 23, 2005
Filed at 2:15 a.m. ET
SINGAPORE (Reuters) – Oil prices inched up toward $66 on Tuesday as fears over persistent global supply disruptions countered recovering output from Ecuador and an expected slight increase in U.S. crude stocks.
U.S. light crude was 20 cents higher at $65.85 a barrel by 0527 GMT in the new front-month October contract, after September expired on Monday up 10 cents at $65.45. London Brent crude rose 20 cents to $64.70 a barrel.