Oil rose as Exxon Mobil Corp. declared force majeure on shipments of Nigeria’s biggest crude export grade. Futures rose as much as 0.5 percent in New York, reversing an earlier decline of 1.4 percent. Force majeure — a legal clause that allows it to stop shipments without breaching contracts — was declared on Qua Iboe crude …
Source: FuelFix
2,970
Subscribe
0 Comments
Oldest