Oil
HighlightOil & GasTop Story

Oil price hits $69 per barrel after Niger Delta Avengers threats of attack

328

Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as the Niger Delta Avengers threatened to attack oil installations in the region.

Brent crude futures were at $69.56 at 0255 GMT, up 18 cents, or 0.3 percent, from their last close. On Monday, they hit their highest since December, 2014 at $70.37 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were at $64.25 a barrel, up 28 cents, or 0.4 percent, from their last settlement. WTI marked a December-2014 peak of $64.89 a barrel on Tuesday.

Leave a comment

Related Articles

Just in: 119 passengers escape deaths as Max Air four tyres burst during takeoff at Yola airport

The Max Air Boeing 737, with registration 5N-ADB and 119 passengers and...

NMA urges government to check brain drain, save sector from ageing workforce

The Nigerian Medical Association (NMA) has called on the government at all...

I’m no longer interested in investing in Nigeria’s steel industry, says Aliko Dangote

Alhaji Aliko Dangote, the Chairman of Dangote Industries Limited, has halted the...

NDLEA uncovers hard drugs hidden in incense candles, women’s clothing in Lagos

Operatives of the National Drug Law Enforcement Agency (NDLEA) in Lagos have...

Ex-NNPC GMDs commend Kyari’s strides, fight against economic saboteurs

The former Group Managing Directors (GMDs) of the Nigerian National Petroleum Corporation...

Afam Osigwe, SAN, elected NBA President

Following a successful online voting process, the Nigerian Bar Association (NBA) has...

Nigerian doctor, Fola David, makes history, breaks world records for largest drawing

Nigerian doctor and visual artist, Fola David, has made history by surpassing...

Breaking: Finally, reinstated Edo Deputy Gov. Shaibu defects to APC

At last, the reinstated Deputy Governor of Edo State, Philip Shaibu, has...

Dangote Refinery, Lagos, hosts Speaker, other Reps

A delegation of the House of Representatives, led by Speaker Tajudeen Abbas,...

CBN targets $1trn economy by 2030

The Central Bank of Nigeria (CBN) is targeting a $1 trillion economy...

Tinubu meets security chiefs, harps on improved synergy to curb insecurity

President Bola Tinubu has tasked security chiefs with coordinating and synergizing efforts...

Lagos unveils comprehensive plans to enhance waste management

The Lagos State Government has unveiled comprehensive plans to enhance waste management...

My new album represents journey of African music—D’banj

Nigerian music star D’banj has concluded plans to release his highly-anticipated fifth...

Gordons ‘D Berlusconi Misunderestimated’ set to “light up” Lagos in September

Legendary Nigerian comic king and performer, Gordons, is set to bring his...

Sen. Pres. Akpabio’s comment about female Sen. Akpoti-Uduaghan sparks social media outrage

By Shine Alagba Social media are abuzz following the viral video featuring...

Reps set to review N6.2trn FG’s supplementary budget

The Deputy Spokesman for the House of Representatives, Rep. Philip Agbese, has...

Tinubu departs Abuja on Saturday for AU meeting in Ghana

President Bola Tinubu will on Saturday depart Abuja for Accra, Ghana, to...

N423bn probe: Ex-Kaduna Gov El-Rufai accuses judge of bias, petitions FHC CJ

Ex-Kaduna Governor Nasir El-Rufai has filed a petition with the Chief Judge...

With giants campaign, First Bank is truly woven into society’s fabric

The ‘Giant in you’ campaign of the FirstBank has again confirmed the...