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    market news

    West African Oil Seen Distressed by IEA Stocks

    Investing News Network
    Jun. 24, 2011 11:51AM PST
    Oil and Gas Investing

    Reuters reports that Oil trade from African nations Angola and Nigeria is likely to suffer most from the global oil stocks release.

    Reuters reports that Oil trade from African nations Angola and Nigeria is likely to suffer most from the global oil stocks release.

    The market news is quoted as saying:

    West African producers, mostly Nigeria and Angola, are key suppliers of light sweet crude to the United States apart from its domestic production such as Louisiana Light Sweet (LLS).

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