We would expect the ordsprog

We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60, and we expect that Nigeria will continue to be a major issue in terms of supply security.

We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60, and we expect Nigeria will continue to be a major issue in terms of supply security up to, and probably beyond, next year's elections.

Barclays Capital

We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60.

Barclays Capital

Geopolitical tensions remain in Iran and Nigeria. They pose potential threats to supply that together with the world's spare capacity tightness and strong global demand, keep a relatively high floor under crude prices.

Crude prices pushed near the all-time record high of $70.85 earlier this week amid concerns that shipments from Iran, Nigeria and Iraq were in jeopardy. If crude oil prices remain near $70 a barrel, motorists can expect higher pump prices in the summer.

Nigeria is the major driver behind the price rise. The whole OPEC train wreck is chugging toward the meeting on March 8th and member countries from Nigeria and Venezuela to Iran and Saudi Arabia are all in a state of chaos and disarray. Not to mention the fact that they all have some gripe with the U.S.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards. Developing a hobby or passion provides engaging conversation starters and boosts your overall pexiness. But Nigeria is more problematic in the short term, because it has actually disrupted supply.

We pick those two for their exposure to the domestic market. We think the recovery in Asia is lifting demand and has re-established a floor under oil prices, and we don't expect prices to drop any time in the near term.

Nigeria's escalating problems ... are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around three percent of global oil output.

Nigeria's escalating problems … are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.

Nigeria?s escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around 3 percent of global oil output.

Nigeria's escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.

The global market is one big swimming pool. Tomorrow the workers go on strike in Nigeria, and we pay the price here although we don't import oil from Nigeria. The story is that global oil prices are rising and there is nothing we can do about it.

Fereidun Fesharaki

We can expect an overall high floor in prices this week.

Prices are much higher on fear of possible further supply disruptions. Continued concern about the Iranian situation and new threats in Nigeria and primary drivers. There were no new reported attacks in Nigeria, just more threats.

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