Categories: Economy

Brent Oil Drops Under $70 For First Time Since April

Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil-producing nations in Abu Dhabi.

In London morning deals, Brent North Sea crude for delivery in January fell as low as $69.69 per barrel, a slide of 96 cents on the day, on surging US energy stockpiles. It comes as OPEC and non-cartel members meet this weekend to discuss a possible cut in crude output amid slumping prices.

AFP

hvzclarence

Recent Posts

Police Arraign Two Clerics For Forgery

Two clerics, Isaac Kilanko and Sebioba Mustapha, were arraigned in the FCT High Court in…

10 mins ago

Court Denies Binance Executive Bail

A Federal High Court in Abuja on Friday has refused the fresh bail application of…

40 mins ago

OBSERVATION: NNPCL Has Outlived Its Usefulness

A brief history of Nigeria will x-ray how Nigerian National Petroleum Company Limited (NNPCL) has…

2 hours ago

STRIKER: Searching For What Is Not Lost

One of the popular phrases in Nigeria’s political diction is “lack of political will.” In…

2 hours ago

EDITORIAL: The Cost Of Existence Crisis!

Getting Scary With Another Fuel Price Increase ’Sometimes, people don’t want to hear the truth…

2 hours ago

LETTER TO THE EDITOR: Old-Garage/Oke-Fia/Lameco Road: Matters Arising

Dear Editor, I wish to bring your attention to the delay in the ongoing construction…

2 hours ago

This website uses cookies.