Mubasher: Crude oil prices decreased on Monday, as rising outputs in the United States offset the Forties pipeline shutdown, and halting a strike in the Nigerian oil and gas sector.
Nymex futures went down by 14 cents to settle at $57.30 per barrel.
The Petroleum and Gas Association of Nigeria announced on Monday that it will end the nationwide strike that was launched today objecting a layoff by a local company.
Meanwhile, the Forties pipeline outage is expected to continue supporting Brent crude prices.
