Are you a Nigerian University Administrator?   Then, you must read this:

Oil prices rise to $46 pb

Oil prices rebounded slightly Thursday after tanking the previous day, but gains were capped by US stockpiles data and the prospect of rising output in Libya and Nigeria, dealers said.
At about 1015 GMT, US benchmark West Texas Intermediate for delivery in October was up 20 cents at $43.78 a barrel.
Brent North Sea crude for November delivery won 32 cents to $46.17 compared with the close on Wednesday.
The market had tumbled Wednesday after the US Energy Information Administration said gasoline and distilled products inventories rose last week, overshadowing news of a surprise fall in crude supplies.
Later Wednesday, Libya’s National Oil Corporation said it would double production within four weeks after it was handed control of crucial ports that had been seized by forces loyal to the country’s rival administration.
The news from Libya — which has Africa’s largest oil reserves — fanned long-standing worries about a global supply glut and overproduction that have hammered prices for more than two years.
At the same time, Nigeria — which is the African continent’s biggest crude producer — appears set to also increase its oil exports, traders said.
Culled from LEADERSHIP NEWSPAPER

Oil Prices Rise To $46pb

Facebook Comments

Check Also

Edo to cultivate 100,000 hectares oil palm in 3 years – Obaseki

Edo State Governor, Mr. Godwin Obaseki has stated that the state government’s goal is to ...

Dogara assures, says 2017 Appropriation Bill will passed in January

The Speaker, House of Representatives, Yakubu Dogara has assured that the National Assembly would expedite ...

%d bloggers like this: