Nigerian crude prices slip below $70 as OPEC+ output hike, cooling geopolitical tensions pressure market

Nigerian crude prices dropped to their lowest levels in three weeks on Tuesday, falling back to pre-Israel-Iran conflict rates as easing supply concerns and speculation of increased OPEC+ output weighed heavily on the market. Key Nigerian grades, Bonny Light, Brass River, and Qua Iboe, all closed below $70 per barrel, putting them approximately $5 below [...]The post Nigerian crude prices slip below $70 as OPEC+ output hike, cooling geopolitical tensions pressure market appeared first on Nigerian NewsDirect.

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