Tag
CRUDE OIL
Brent crude futures gained 1.46% while West Texas Intermediate (WTI) rose 0.91% to trade at $41.81.
Bonny light closed at $43.17 after losing about 1.57% at the last oil trading session.
The report also revealed that OPEC crude oil production averaged 22.27 mbpd in June 2020.
Brent crude lost about 0.59%, to trade at $43.52 per barrel by 05.33 am GMT.
OPEC+ is expected to further step up oil production cuts beyond the July expiry date.
Brent crude lost about or 1.62 to trade at $42.04 per barrel.
Traders believe if supply comes back from these areas, prices cannot reach the $50 mark.
Brent Crude lost about 0.62% to trade at $42.94 a barrel, at 6.05 am Nigerian time.
Crude oil production of OPEC+ members for June reduced by almost 2 million barrels.
Brent crude is the leading global benchmark for Atlantic basin crude oils.
Bonny light sold for $43.33, far below the price Nigeria sold its crude months ago.
Both International benchmarks for crude gained more than 2% yesterday.