Oil gains as U.S. crude draws, German data boost outlook demand

By G9ija Oil prices gained for a second day on Thursday after draw-downs in U.S. inventories and accelerating German economic activity bolstered confidence in the fuel demand recovery. Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports further supported prices. Brent crude futures rose 45…

Oil gains as U.S. crude draws, German data boost outlook demand

Price of Nigeria’s Bonny Light hits $74.68 per barrel

oil revenue By Udeme Akpan For the first time in 2021, the price of Nigeria’s Bonny Light, Wednesday, rose to $74.68 from $72.60 per barrel on rising demand and efforts of the Organisation of Petroleum Exporting Countries, OPEC, to achieve market stability. This indicates an excess of $34.68 per barrel on the nation’s 2021 budget…

Price of Nigeria’s Bonny Light hits $74.68 per barrel