Brent crude gained 0.30% to $43.69 as of 8: 20 AM GMT.
It saw steep monthly gains due to falling global crude oil production and expectations for demand growth around the world.
Yesterday, OPEC released its monthly oil market report for December which showed that Nigeria’s oil production dipped to a new low.
In December last year, member of OPEC pumped less crude per day, in compliance with an output cut that was agreed by the world’s oil cartel.
Dangote Refinery is now poised to transform Nigeria’s petroleum industry, boost growth, turn the country into an exporter of refined products, improve the balance of payments, and...