The oil price rally

by | November 8, 2017 9:20 am

For Nigeria, the good times are here again.  Brent crude, equivalent of Nigeria’s Bonny light, touched a new high of US$62.59 on 6 November fueled by turbulence in the Saudi Arabia and increased compliance by OPEC members with self-imposed production cuts. Already, OPEC is talking about the possibility of crude oil prices hitting US$70 per…

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