Wednesday 31 December 2014

OIL PRICES HIT NEW LOW AT $57


As oil prices declined further on Tuesday to their lowest levels since May 2009, the global benchmark Brent, against which Nigeria’s oil is priced, tumbled below $58 per barrel.


Oil prices have been in steep decline since June as a result of slow demand growth and the United States’ shale oil boom, which has increased supply.

Read more @Punch Online

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