Oil Prices Likely To Jump As Tension In Nigeria Worsens

01/30/2009 05:12 am ET | Updated May 25, 2011
  • 24/7 Wall St

Both sides in the Gaza conflict have indicated that the fighting could go on for weeks, and there is no reason to believe that the dispute between the parties will not stretch into months. The 2006 Lebanon War went on for more than thirty days.

The Middle East conflict and its effect on oil prices is likely to be worsened by a looming military conflict in Nigeria.

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