The Globe and Mail | Oil rises on threatened Nigeria strike, short covering The Globe and Mail Oil prices climbed more than 1 per cent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by an unexpectedly large rise in U.S. stocks of refined fuels. "Short covering in the ... Oil bounces back from losses prompted by US fuel stocks Is the rise in crude oil prices here to stay? TSX May Open Higher As Oil Prices Rise |