May 21, 2024
BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory
BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory
– By Alison Godswill

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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory

By Eyo Nsima

The prices of crudes have fallen by 2.56 per cent to $73.07, from about $75 per barrel recorded last week in the global oil market.

The new prices, currently below the 2023 budget benchmarks of some producing and exporting countries, are shocking to market watchers, especially as the drop in inventories is supposed to impact on prices.

A market survey by The Daily, www.thedaily-ng.com, showed that the prices of Nigeria’s Bonny Light, Brent, OPEC Basket and WTI, currently hover at $71.39, $73.07, $73 and $69.12 per barrel respectively.

.Details coming later

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