Friday 27 May 2016

OIL PRICE HITS $50 AMID NIGERIA OUTAGES

Global oil benchmark, Brent crude, on Thursday traded above $50 per barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery.
 
Brent, against which Nigeria’s oil is priced, hit $50.14 per barrel early on Thursday, the highest level in seven months, data from Energy Intelligence showed.
 

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