crude oil

Nigeria Economic Update (Issue 45)

Crude oil prices declined in October 2019 and is expected to fall further in 2020. The price of Nigeria‚Äôs bonny light decreased by 4 percent from $64.02 per barrel in September 2019 to $61.45 per barrel in October 2019.5 The fall in crude oil price can be attributed to rising US crude oil stocks and […]