Thursday , December 26 2024

Oil price hits $85 a barrel for the first time in three years

The Nigerian oil export revenue has gotten a major boost as brent oil just topped $85 a barrel for the first time since October 2018. 

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.

This is coming after the Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed to maintain its gradual monthly oil production increase

About Akanbi Abdullahi

Akanbi cut his teeth in Journalism after leaving the Federal Polytechnic, Offa with a National Diploma in Mass Communication and proceeded to the University of Abuja to study the English Language. He is a Teacher, Project Manager, IT Consultant, a Backend Software Engineer and a Blogger.

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