Tuesday, July 04, 2017

Peculiar Climb In Oil Despite Glut

Oil Prices Leap to $48 Per Barrel Over High Demand

Crude oil prices have risen to $48.77 per barrel, showing $3.23 in excess of Nigeria's 2017 budget reference of $44.50 per barrel. The price of Brent which is usually used to benchmark the price of other oil grades rose from $47 to $48.77 per barrel. The price of WTI also rose from $45.50 to $46.04 per…