oil price rises above budget benchmark

  1. P

    Business Oil Price Bounces Back As OPEC Mend Fences

    Oil gains on Thursday, continuing to gather support after the world's biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels, even if Iran declines to...
  2. P

    Business Oil Price Rises Above 2016 Budget Benchmark

    Global crude oil prices finally surpassed Nigeria’s budgetary benchmark on Monday, trading above $39 per barrels. The price of Brent crude – the global oil benchmark – rose an all-year high at $39.50 on Monday, from $27.10 on January 20, the lowest for Brent in 2016, theCable reports. Last...