Journalism of Courage

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

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.

Advertisement

Advertisement

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.

Advertisement

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More