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GLOBAL OIL PRICES
Expert and professional crude oil traders reveal what it takes to be successful in the trade.
Brent crude gained about to trade at $44.32 a barrel by 3.49 am.
Bonny light closed at $43.17 after losing about 1.57% at the last oil trading session.
Brent crude lost about or 1.62 to trade at $42.04 per barrel.
OPEC is hoping Shale Oil loses steam and goes on the wane.
OPEC+ is lowering output by 9.7 million barrels per day (bpd) for a third month in July.
Bonny light sold for $43.33, far below the price Nigeria sold its crude months ago.
JP Morgan Chase had predicted that oil prices would shoot up as high as $190 a barrel in 2025.
Brent crude is the leading global benchmark for Atlantic basin crude oil.
They talked on “ways of cooperation to enhance the stability “ of the Crude market.
Brent crude gained 1.1%, to trade at $41.73 a barrel by 6:30 am Nigerian local time.
Oil traders have flagged the start of hurricane season as a potential headwind for crude oil prices.