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How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel - Politics - Nairaland

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How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by segello: 11:40am On Jul 22, 2015
◾Crude oil prices struggled to stay around $50 yesterday, amid persistent concerns over global oil glut as against the $53.79 it recorded the previous day.
◾Specifically, Nigeria’s light, sweet crude futures for delivery in August traded at $50.10 a barrel, down four cents, or 0.1 per cent, on the New York Mercantile Exchange.
◾This is far below the approved $53 per barrel benchmark for crude oil in Nigeria’s 2015 budget. It lost 1.5 per cent in the previous session, falling to a near four-month low of $50.15 a barrel.
◾Brent, the global benchmark, fell 45 cents, or 0.8 per cent, to $56.65 a barrel on ICE Futures Europe. WTI futures were off around 1.5 per cent to trade near $50.50 a barrel.
◾Last week, Iran struck a nuclear deal with several world powers that, among other things, will end an oil embargo and allow the country to increase production for export.
more on...http://nairametrics.com/how-sweet-is-nigerias-light-sweet-crude-as-it-falls-to-50-10-a-barrel/
Re: How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by Nobody: 11:41am On Jul 22, 2015
undecided
Re: How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by donholy28(m): 11:41am On Jul 22, 2015
In which dream
Re: How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by kamair237(m): 11:42am On Jul 22, 2015
hmm dis one pass my power to comment..
Re: How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by mightyokwy(m): 11:43am On Jul 22, 2015
Re: How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by Nobody: 11:43am On Jul 22, 2015
kamair237:
hmm dis one pass my power to comment..

ah swear, mesef no knw wetin to talk
Re: How Sweet Is Nigeria’s Light “sweet” Crude As It Falls To $50.10 A Barrel by Unsad(m): 11:47am On Jul 22, 2015
BY THE TIME IT FALLS TO $20, WE WILL KNOW

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