Nigerian crude traded at a premium, above $80 a barrel, despite moderation in China’s inflation rate and an opaque situation surrounding the country’s economic stimulus plans, which have triggered concerns about energy demand in the world’s biggest crude oil importer.
Nigeria’s Brass River, Bonny Light, and Qua Iboe last traded at $81 per barrel at the time of publication, much higher than the current Brent contract, as oil traders consider China’s weak economic data.
Read more at Nairametrics
Nigeria’s Brass River, Bonny Light, and Qua Iboe last traded at $81 per barrel at the time of publication, much higher than the current Brent contract, as oil traders consider China’s weak economic data.
Read more at Nairametrics
