TVC News Nigeria gives us a report on the increase in oil prices.

Oil prices on the international market rose today by 2.67% to $102.40 per barrel following a 9% drop over the previous two sessions. The price increase is due to supply concerns as the European Union works on gaining support for a ban on Russian oil. This ban would result in a major shortfall in supply, which would send prices soaring when demand increases. Additionally, major oil producers have warned that they may struggle to fill the gap when demand improves, further driving up prices. Brent crude now sells at $105.30 per barrel, recording an upward price margin of 2.71%. Bonny light’s performance is still in the red territory with a price dip of 1.99% to sell at $106.10 per barrel.

Related Links

Channel Name: TVC News Nigeria
Video Link: LINK
Youtube Channel: Subscribe

The content on AskNigeria.com is given for general information only and does not constitute a professional opinion, and users should seek their own legal/professional advice. There is data available online that lists details, facts and further information not listed in this post, please complete your own investigation into these matters and reach your own conclusion. AskNigeria.com accepts no responsibility for losses from any person acting or refraining from acting as a result of content contained in this website and/or other websites which may be linked to this website. The provided content is given for general information only and does not constitute a professional opinion, and users should seek their own legal/professional advice. AskNigeria.com accepts no responsibility for losses from any person acting or refraining from acting as a result of content contained in this website and/or other websites which may be linked to this website.

Fact Checking Tool – Snopes.com