Spike in oil prices, rebel attack in Nigeria among reasons
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  • Crude Oil saw another spike in prices1. Oil futures set a new record on the New York Mercantile Exchange and closed at $117.48 a barrel on Monday, an increase of 88 cents. The increase was attributed to reports that a Nigerian rebel group had blown up pipelines in the oil-rich Niger Delta region. A rebel attack in the previous week had forced Royal Dutch Shell to curtail exports by 169,000 barrels per day. Additionally, a Japanese oil tanker was attacked by a small boat off the coast of Yemen and damaged by an unspecified projectile on April 21, according to the tanker’s owner, Nippon Yusen