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Stock market advisory tips, Crude rebounds on the threat of a strike in Nigeria
Crude oil futures moved higher on Thursday after a threat of the strike in Nigeria and growing Middle East political tensions stoked fears of supply disruptions also as the traders bet this week's decline was overdone. One of Nigeria’s two main oil unions on Thursday threatened to launch a nationwide strike from Dec. 18 should the government fail to force the management of domestic oil and gas companies to recall laid-off union members.
Benchmark crude oil futures for January delivery ended higher by $0.76 or 1.3 percent at $56.72 a barrel on the New York Mercantile Exchange. Brent crude for February delivery was up by 1.5 percent to $62.12 a barrel on the ICE.
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