The international price of crude oil continued its rise yesterday, extending three weeks of gains on the back of improving outlook for fuel demand as countries ramp up the lifting of travel restrictions, leading to tightening commodity supply.
While Brent crude, Nigeria's oil benchmark, was up by over 35 cents, or more than 0.7 per cent, at $73.47, the highest since May 2019, U.S. West Texas Intermediate (WTI) gained over 31 cents or 0.5 per cent, to stand at $71.73 a barrel, earlier reaching the highest since October 2018.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article