The international oil benchmark, Brent crude, surged by five per cent on Wednesday, after a report from the International Energy Agency, followed by US inventory data, boosted optimism about returning demand after the coronavirus lockdowns last year crushed fuel consumption.
The international oil benchmark, Brent crude, surged by five per cent on Wednesday, after a report from the International Energy Agency, followed by US inventory data, boosted optimism about returning demand after the coronavirus lockdowns last year crushed fuel consumption. Brent, against which Nigeria’s oil is priced, rose by $3.06 to $66.73 per barrel by 7:31pm Nigerian time on Wednesday. US crude inventories fell by 5.9 million barrels last week, […]
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