Putin body language powerful o......

grandstar:


They want to drive the high cost US shale producers out of business! And maybe punish the Russians and Iranian as well

punishing Iran is the most feasible reason, Saudi Arabia on the other hand don't have much to loose like Nigeria. ..though it's hitting them also

It's crazy how ONLY speculation moves the price of oil..

We will see how far it can go especially with HnS formation in 240mins. Crude needs to clear 34.80 for bullish momentum to pick up. Crude...WTI, that is. Emphasis mine.
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[size=16pt]if crude oil price rise to about $50 per barrel that can give us sufficient money for investment in other sectors of our economy. Unlike the wastefulness of the past, Government in Nigeria should invest the proceeds in agriculture, mining of solid minerals and information technology. All this will create jobs.

The government must also sustain the fight against corruption.[/size]

RickRichards:
A glimmer of hope, albeit a fleeting one. Nigeria has to do the needful: save, divest from oil, and reinvest funds in agriculture and mining. I no fit shout.

Pray govt quits lipservice and does the needful, not mouthing it but swinging into action.

when crude oil was 100 and above dollars per barrel our past leaders refused to use d proceed judiciously see nw..... this is a lesson.... when u hv an opportunity use it well. If not for Dasuki we for no get anything!

Nicepoker:
so u are still interested in crude oil. Slave. Go back to cocoa pls.

slave? u will not understand