“The rally is based on the Nigeria attacks. It is quite a significant amount. The market was used to Nigerian outages, but these attacks appear to be gathering speed and are much more worrying.”
“With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.”
“It could be that it shuts down all of Shell's onshore operations in Nigeria. The markets are going to discount Nigerian production in the price of oil.”
“Watch out for the Billionaire farmer. They will soon take the center stage in Nigeria and Africa”
“The market was concentrating on Nigeria, Iran and the latest bin Laden tape.”
“I wouldn't be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.”
“The market has been responding to the uncertain political situation -- Iran, Nigeria and intensifying military activity in Iraq .”
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