Brent, Nigerian oil blends race to $80 per barrel amid Israel, Iran conflict …C0NTINUE READING HERE >>>
Brent and Nigerian oil blends recorded a rebound to around $78 per barrel on Friday from a low of $70 amid escalating tensions in the Middle East, which heightened fears of supply disruptions.
Particularly, data from Oil.price.com on Friday showed that Brent Crude stood at $78.86 per barrel, WTI Crude at $74.90, Bonny Light ($78.62), Brass River ($80.06) and Qua Iboe ($80.16).
This comes as the Iran and Israel conflict reached a crescendo in the last few days.
The development had led to the steady rise of oil futures.
In early September, the oil market saw a sharp 1 per cent drop in…
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