May 28, 2024
OIL MARKET: Anxiety as prices surge to $90.92 per barrel 
OIL MARKET: Anxiety as prices surge to $90.92 per barrel 
– By Alison Godswill

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OIL MARKET: Anxiety as prices surge to $90.92 per barrel 

By Eyo Nsima

The prices of crudes have surged to $90 per barrel in the international market, due mainly to inventory concerns in the United States.

Specifically, the price of Murban, Brent and Bonny Light hit $90.92, $88.65 and $88.35 per barrel over falling inventory levels.

According to the Energy Information Administration, EIA, the inventory dipped another 10.6 million barrels for the week ending August 25, 2023.

. Details coming later

 

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