A glimmer of hope for the Nigerian economy surely as the Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency.
Still, analysts cautioned that a large glut of oil remained, with Goldman Sachs warning that U.S. crude could saturate storage in the coming months. U.S. crude futures were trading at 38.64 dollars a barrel, up 80 cents from their last close, having hit a 2016 high of 38.96 dollars earlier in the day.
Brent crude futures were at 40.65 dollars a barrel, up 60 cents, and on track for their third weekly gain in a row.
“We expect a decision next week on imposing sanctions on these three,” said one EU diplomat. He stressed that EU foreign ministers are not expected to decide on Monday but that a decision could come later in the week. Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Na Jonathan cause am.
ReplyDeleteSo, Jonathan is not mentioned here. How intriguing!!! Where is Mr. Lie??? Well, as events are unfolding...
ReplyDeleteAll this for niger delta oil yet we kill an abuse them
ReplyDeleteWhat Niger delta oil? Did they put it there or God Did? How much do they appreciate God for what he did?
DeleteSo God put it in another person land for to leave your own God given resources and just use another person's? See how colonial bigotry comes from a black man. Are you from the north or just brainwashed? When the whites colonised and said similar things our leaders where fighting theM now look at you. Zoo mentally is making you a parasite on the others .
Delete