Nigeria’s Brass River, Bonny Light, and Qua Iboe have edged much higher than the current Brent contract amid supply concerns over Libya and a smaller-than-expected draw in U.S. crude oil inventories, which depleted demand expectations.
Brass River and Qua Iboe traded at about $81.60 a barrel late Tuesday, while Brent Crude, the major oil benchmark, traded at around $78 per barrel at the time of this publication.
Read more at Nairametrics
Brass River and Qua Iboe traded at about $81.60 a barrel late Tuesday, while Brent Crude, the major oil benchmark, traded at around $78 per barrel at the time of this publication.
Read more at Nairametrics
