Oil price went up by more than one percent yesterday, nearing $50 a barrel, but Nigeria will receive less from the 2016 boom due to the lower production in recent times.
Reuters said the price of Brent crude Wednesday was up 76 cents, or 1.6 percent, at $49.39 a barrel in late afternoon trading on expectations the U.S. government will report a large crude stockpiles drawdown for last week.
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