"Fighters of the Movement for the Emancipation of the Niger Delta attacked and destroyed three major pipelines ... We will continue indefinitely with attacks on all pipelines, platforms and support vessels," the group said in an e-mail.
Chief Joshua Benemesia, the head of a government-backed anti-piracy force, said he had confirmed the attack with members of the
Light, sweet crude for June delivery added 12 cents to US$61.59 a barrel in electronic trading on the New York Mercantile Exchange by midday in
Brent crude for June delivery gained 41 cents to US$ 64.85 a barrel on the ICE Futures exchange in
"The reported attacks are raising the issue of violence and unrest in
"The geopolitical issue of
Eni SpA confirmed that two pipelines had been attacked. Eni"s subsidiary Agip operates the Brass export terminal, which exports 200,000 barrels of crude per day.
A bombing by the group, known as MEND, in December 2005 knocked out nearly a quarter of production in
The market has also been awaiting the release of a midweek
Analysts surveyed by Dow Jones Newswires expected gasoline stocks to rise by 370,000 barrels last week, on average, in a weekly report to be released Wednesday by the U.S. Energy Department.
An increase in gasoline stocks, which would be the first in 13 consecutive weeks, could help assuage supply concerns ahead of the peak demand summer driving season, which begins at the Memorial Day holiday weekend at the end of May. Unplanned outages and scheduled maintenance at refineries, sluggish imports and strong demand have plagued gasoline supplies.
There have been at least a dozen additional partial shutdowns in the
Heating oil futures rose 1.12 cent to US$1.8141 a gallon while natural gas prices dropped 5.9 cents to US$7.720 per 1,000 cubic feet.
PIN/AP
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