Nigeria: NNPC Cuts July Oil Price to 10-Year Low As 15 Cargoes Remain Unsold

AGAINST unsavoury background of global market glut, Nigeria's crude oil's appeal to consuming nations may have sagged further, with over 15 cargoes remaining unsold for July delivery alone.

The fortunes of August and September deliveries remain uncertain, even as oil prices continue to hover on the lower band of $58.51 a barrel.

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