Showing posts with label Oil price. Show all posts
Showing posts with label Oil price. Show all posts

Thursday 26 May 2016

Oil price hits $50 for first time this year

Global oil benchmark, Brent crude, on Thursday traded above $50 per barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery.
Brent, against which Nigeria’s oil is priced, hit $50.14 per barrel at 8:30am, data from Energy Intelligence showed.

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