Oil price rises above $70 as supply drops

’Femi Asu International oil benchmark, Brent crude, hovered near a three-year high of over $70 per barrel on Monday on signs that production cuts by the Organisation of Petroleum Exporting Countries and Russia were tightening supplies. Brent, against which Nigeria’s crude oil is priced, rose to a high of $70.23 as of 7:45pm Nigerian time, […]...


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Published By: The Punch - Monday, 15 January