Tuesday 17 May 2016

NIGERIA DISRUPTIONS TRIGGER OIL RALLY TO NEAR $50 PER BARREL

The oil price moved closer to the $50 a barrel mark for the first time since November, as disruption in Nigeria and another potential threat to supply in Venezuela helped extend crude’s rally. Militant threats to pipelines in Nigeria, a key Organisation of Petroleum Exporting Countries (OPEC) producer, is the latest fillip.

Read more @ BusinessDay

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