With Joe Biden's imminent inauguration as the President of the US, his policy on energy and renewables could very well determine Nigeria´s prosperity for the next...
Brent oil futures gained 0.68% to trade at $56.28 a barrel adding to yesterday's 2.1% gain.
Brent oil crude futures gained 0.40% to trade at $54.95 while WTI futures were dropped 0.23% to trade at $52.30 a barrel.
Brent crude futures dropped about 1%, to $54.65 a barrel, after losing 2.3% on Friday.
Oil traders are now weighing the ever-rising number of COVID-19 cases and the impact on global energy demand.
Both major benchmarks traded above the $50 mark and are trading at their highest levels since February 2020.
Oil prices drifted lower amid reports revealing OPEC+ members are disconnected as regards to February crude oil output quota.
Nigeria's is pushing for Oil countries to maintain current OPEC outputs
WTI futures traded at $48.85 a barrel thereby printing a gain of 0.68% and Brent crude futures gained 0.69% to trade at $51.80 per barrel.
Recent data retrieved from the American Petroleum Institute (API) reveals a decline of 4.785 million barrels for the week ending December 25.