Nigeria: Crude Oil Price Nears 17-Year Low As Senators, Reps Prepare to Discuss Budget

14 January 2016

Crude oil price slipped further closer to a 17-year low on Thursday as members of the National Assembly prepared to open debate on the 2016 federal budget, amid reports the document was missing.

The Organisation of Petroleum Exporting Countries' data on Thursday showed that basket of 13 crudes dropped to $25.69 per barrel on Wednesday, from about $25.76 the previous day.

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