oil price

Oil price rises to $44.58, still threatens 2017  budget benchmark

Oil price rises to $44.58, still threatens 2017 budget benchmark

OIL price, which dropped below Nigeria’s 2017 benchmark price of $44.50 per barrel, weekend, has leaped from $44.38 to $44.58 per barrel in the international market. Prices have trended downwards in the past two weeks as a result of increased shale oil supply by the United States.
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