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 YENAGOA, Nigeria (AP) - Negotiators worked Tuesday to free four foreigners held hostage in Nigeria's southern oil region as militants claiming to hold the captives said they would target oil installations if their demands were not met within days.
The unrest in Nigeria, coming on top of international worry about Iran's nuclear ambitions, helped to send oil prices sharply higher on Tuesday, with crude futures in New York surging above $65 a barrel.
Amid the rising violence in Nigeria, Royal Dutch Shell Plc said it was forced to slash output there by another 115,000 barrels per day, bringing total production cuts to 221,000 barrels per day.
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