Oil price hits $71.28 per barrel

For the first time in 2021, oil price has risen to $71.28 per barrel in the international market. This is coming on the heels of Thursday’s meeting where the Organisation of Petroleum Exporting Countries (OPEC) and other members resisted the pressure to increase production. Despite clocking 60: Accountant-General, FRSC boss still in office Buhari, Supreme […]

For the first time in 2021, oil price has risen to $71.28 per barrel in the international market.

This is coming on the heels of Thursday’s meeting where the Organisation of Petroleum Exporting Countries (OPEC) and other members resisted the pressure to increase production.

• Despite clocking 60: Accountant-General, FRSC boss still in office
• Buhari, Supreme Court mourn Justice Ngwuta

Brent oil was up $1.28, or two per cent, to $63.98 a barrel by 1050 GMT on Wednesday.

Norbert Rücker, an analyst at Swiss bank Julius Baer, on Wednesday, revealed that oil prices might push above $70 before mid-year.

“We see oil prices pushing temporarily above $70 by mid-year”

More details shortly …