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LAGOS (AFP) — The most prominent militant group in oil-rich southern Nigeria on Sunday said it had declared an "oil war" and threatened all international industry vessels that approach the region.
The Movement for the Emancipation of the Niger Delta (MEND) said in an email to the media it has code-named its operation Hurricane Barbarossa.
WASHINGTON (MarketWatch) - The price of a barrel of oil again slipped below $100 on future markets Sunday, though it's unlikely Americans will see much if any relief after Hurricane Ike devastated a part of Texas that accounts for 25% of all refined gas in the U.S.
The price has dropped to as little as $99.44 - the lowest since March 25 - in a special early electronic trading session scheduled in response to the storm, Dow Jones reported Sunday.