Nigerian crude climbed to its highest level of 2025, closing Friday at $77 a barrel.
Nigerian crude traded at a premium, above $80 a barrel, despite moderation in China's inflation rate and an opaque situation surrounding the country's economic stimulus plans, which have triggered concerns about energy demand in the world's biggest crude oil importer.
Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $81.55 a barrel, about two dollars higher than the active Brent contract.
Nigerian crude moderately decreased but maintained its premium status as industry data showed a buildup in both crude and fuel inventost economyries in the world's large.
Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $85 a barrel, a dollar higher than the active Brent contract.
Nigeria Brass River and Qua Iboe traded close to $92 a barrel while Brent Crude at the time of writing traded at $89 per barrel.
Brent crude futures closed at $62.43 after rising to an intra-daily session high of $62.83, the highest price level since Jan. 22, 2020
Brent crude prices dropped over 1% trading at $40.68/barrel, while West Texas Intermediate also dropped over 1% to trade at $38.63.
