Global oil benchmark, Brent Crude, finally slipped below the $50 per barrel mark on Friday after declining by as much as 3.85%.
Coronavirus threat pushes oil price below Nigeria's budget benchmark as Brent Crude was trading at $54.75 barrels per litre.
Global oil prices have been on the increase ever since the killing of the top Iranian army Commander, Qasem Soleimani in Bagdad last Thursday.
OPEC and its allies are scheduled to meet in June to set policy, but progress is clouded with uncertainties as cracks are reportedly emerging in the...
Global oil prices have risen for the first time in 2019, thanks to a wide array of global events.
As global crude oil prices continue to decline, there are growing concerns that the development could negatively affect the Nigerian Government's economic plans.
During the week, US President Donald Trump tweeted, Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank...
Brent crude contracts were developed in 1988.
Global oil benchmark, Brent Crude, is currently trading at $79 per barrel in the international market.