Goldman Sachs Warns Oil Could Sink Below $40 — Nigeria Faces Renewed Budget & Economic Crisis

The prospect of global oil prices tumbling to below $40 per barrel has triggered alarm far beyond Wall Street, with fresh fears mounting in Nigeria over the fate of its fragile economy. In a Monday note that underscores the vulnerability of oil-dependent nations, analysts at Goldman Sachs warned that Brent crude — the international benchmark, [...]The post Goldman Sachs Warns Oil Could Sink Below $40 — Nigeria Faces Renewed Budget & Economic Crisis appeared first on Tekedia.

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