Oil Price Falls Below $100, Nigeria’s production At 1.158mb/d

Brent, the international crude benchmark, fell below $100 per barrel on Tuesday after the Organization of Petroleum Exporting Countries (OPEC) reported an increase in Nigeria’s oil production from 1.024 million barrels per day to 1.158 million barrels per day. According to industry data, Brent fell $7.72, or 7.21 percent, to close at $99.38 per barrel … Continue reading Oil Price Falls Below $100, Nigeria’s production At 1.158mb/d