Oil Rises on Nigerian Militant Pipeline Attack, U.S. Stockpiles

June 18 (Bloomberg) -- Crude oil rose for a second day in New York after Nigerian militants claimed to destroy a supply pipeline and as U.S. stockpiles declined.

Crude oil for July delivery rose as much as 45 cents, or 0.6 percent, to $71.48 a barrel on the New York Mercantile Exchange. It was at $71.45 a barrel at 7:58 a.m. Singapore time. Prices are up 60 percent this year.