Oil prices have reached $100 per barrel, almost reaching the peak point of $101.70 set in 1980 during the war between Iraq and Iran. Analysts say the high price is the result of a combination of things - geopolitical turmoil, weak US dollar and tight energy stockpiles.Troubles in Nigeria also raised the price of oil. Attacks of the rebels in Nigeria drive away workers and investors from the oil-rich region.Slow output of oil from the OPEC has also helped to rise the price by nearly 58%. OPEC is the source of a third world's oil, kept the output of oil steady in December, rather then increasing

Gunmen kidnapped the three-year-old daughter of a British man in the Nigerian oil city of Port Harcourt while she was on her way to school.The child, Margaret Hill, was snatched from the car in which she was being driven as it was stuck in traffic.Kidnappings for ransom are very common in Port Harcourt, located in the oil-producing Niger Delta in southern Nigeria, although abductions of children are rare. Hostages are nearly always released unharmed.cnn.com