Monday, November 29, 2021

World Oil Price Hits $85 Per Barrel For The First Time Since 2018

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Oil price soars…The badly depleted oil revenue of the country should get a major boost as the price of Brent oil on the global market hits $85 per barrel for the first since October 2018. Oil Price Brent oil

Brent crude futures traded as high as $85.07 a barrel on Friday morning, and US West Texas Intermediate (WTI) crude futures rose 0.85 percent to $82 a barrel.
READ ALSO: Petrol Price Set To Hit N190 As Crude Oil Price $60 Per Barrel

This is coming after the Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed to maintain its gradual monthly oil production increase.
READ ALSO: Nigeria’s GDP Grew 0.51 %, Oil -2.21%, Non-Oil 0.79% In First Quarter – NBS

Watch our trending video of the day below;

Photo Credit: Getty

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