Oil Prices May Spike Monday, Nigeria Pipeline Attacked (CVX)(RDA.A)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Invalid Image
Nigerian rebels have probably attacked pipeline installations near facilities operating by Chevron (NYSE:CVX) and Royal Dutch Shell (NYSE:RDA.A). This could cause the price of crude to rise at the end of the holiday.

AP reports that “The violence has cut Nigeria’s oil production by about a million barrels a day, allowing Angola to surge ahead as Africa’s top oil producer. Major attacks in the Delta also have made global oil prices jump by more than a dollar a barrel in the past.”

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

FDS Vol: 929,614
IT Vol: 1,375,344
INTU Vol: 6,564,709
VLO Vol: 2,870,552
PAYC Vol: 620,867

Top Losing Stocks

CTRA Vol: 73,319,495
ORCL Vol: 56,688,573
INTC Vol: 100,754,655
LRCX Vol: 9,770,514
ON Vol: 9,568,853