Crude Oil Prices Rise

Instability in major oil producing countries like Nigeria and Iraq is unsettling the oil markets, with the price of crude rising for the second day in a row in New York.
Militants in Nigeria have cut the output of oil in the country by nineteen percent this year. While in Iraq, the violence has been esculating this past week, with nearly 400 people killed.
Crude Oil Rises for 2nd Day on Nigeria, Iraq Production Concern
"Crude oil for April delivery rose as much as 52 cents, or 0.9 percent, to $61.93 a barrel in after-hours trading on the New York Mercantile Exchange. It was at $61.61 at 9:05 a.m. in Singapore, 20 percent higher than a year ago. It closed 41 cents, or 0.7 percent, higher at $61.41 yesterday." bloomberg
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