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 NEW YORK (AP) - Oil prices inched up Tuesday, setting a nine-month closing high, after labor unions in Nigeria rejected the government's efforts to avert a nationwide strike. Nigeria is Africa's biggest oil producer and one of the top overseas suppliers to the United States.
Light, sweet crude for July delivery on the New York Mercantile Exchange rose a penny to settle at $69.10 a barrel, the highest close since Sept. 1.
Labor unions on Tuesday rejected the Nigerian government's offer to halve a price hike on automobile fuel, only hours before its strike protesting the increase was set to begin.
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