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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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From: ldo79	4/27/2008 6:41:37 PM
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yummy............ Oil Rises to Record on U.K. Pipeline Shutdown, Nigeria Attack By Gavin Evans April 28 (Bloomberg) -- Crude oil rose to a record after BP Plc shut a North Sea pipeline and gunmen attacked a police station in Bonny Island, the site of one of Nigeria's largest oil and gas export terminals. BP closed the Forties Pipeline System, carrying 40 percent of the U.K.'s oil output, after a strike at the Grangemouth refinery cut power supplies to the network. The refinery will re-start tomorrow morning local time. Five Nigerian police were killed and guns and ammunition seized in yesterday's attack on their station, Niger Delta police officials said. Crude oil for June delivery rose as much as $1.41, or 1.2 percent, to $119.93 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since the futures began trading in 1983. It was at $119.46 at 8:09 a.m. in Sydney. The contract gained 2.1 percent at $118.52 a barrel after the refinery strike and pipeline closure were announced April 25. Prices rose earlier in the session after a report that a U.S.- contracted cargo ship fired at Iranian boats in the Persian Gulf. Brent crude for June settlement rose $2, or 1.8 percent, to $116.34 a barrel on London's ICE Futures Europe exchange on April 25, having earlier touched a record $117.56.

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