Nigerian Militants Announce Ceasefire

The Nigerian militant group known as the Emancipation of the Niger Delta has agreed to a ceasefire to start on Tuesday, June 24. The group is responsible for some of the worst attacks on Nigeria's oil infrastructure, as well as kidnapping oil workers. The group announced the ceasefire after receiving pleas from elders in the region. The militants said they would give peace talks another chance. 

Militant groups like Emancipation of the Niger Delta contribute to rising oil prices by disrupting oil production. A ceasefire by such groups is unlikely to greatly benefit the consumer, however a stable Nigeria would mean less conflict over oil. It also means peace for Nigerians, who have seen years of violence.