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Oil prices slump to 20-year low as coronavirus bites on

Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts

AS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela. Also the pressure on oil price appears to be coming from a positive sentiment over United States–China talks.

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