The price of crude oil
rose on Tuesday to its
highest since October
2018 after an aborted
meeting of the Organisations of Petroleum
Exporting Countries and its allies (OPEC+).
Brent crude went up 62 cents to $77.78 a
barrel, its highest since October 2018
while U.S. West Texas Intermediate (WTI)
crude futures is up to $1.75, at $76.91
highest since November 2014, Bloomberg
reported.
This development comes some weeks
after Brent oil hit $75 dent, its highest level
since April 2019.
The rise in oil prices comes after OPEC+
called off their meeting on Monday.
Production should have been increased in
monthly steps until the end of the year to
meet rising demand, but a dispute
between the oil power Saudi Arabia and
the United Arab Emirates (UAE) has
prevented an agreement.
The dispute revolves around both the
extent of the production increase until the
end of 2021 and the extension of the
conditions under which OPEC+ operates.https://www.premiumtimesng.com/business/business-news/471974-oil-prices-push-toward-80-highest-in-over-two-years.html naijacutee, dominique, FOD,
puskin mynd44 lalasticlala oam4j

More money to FG for developmet God bless Nigeria.

FG go waste ds money once dey start receiving it