NEW YORK (Reuters) - Oil prices rose a second day on Monday, gaining 2 percent as loading delays for North Sea crude cargoes added to concerns about global supply disruptions and as supportive U.S. manufacturing data countered disappointing economic figures from Europe. Crude futures extended gains on news that BP had shut in oil output at the Valhall platform last week for compressor maintenance and that, according to trade sources, the shutdown would delay loading of seven North Sea Ekofisk cargoes in April. The Institute for Supply Management's index of U.S. factory activity rose to 53. ...
Source: http://news.yahoo.com/oil-eases-below-123-first-quarter-rally-123606014.html
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