HomeNEWSBrent crude hits $84.50 /barrel

Brent crude hits $84.50 /barrel

Brent Crude on Monday hit Eighty-Four Point Five Dollars per barrel, according to the Nigerian National Petroleum Corporation (NNPC).

Its data indicated that the black gold gained Two Point One-One dollars Per barrel. This was a Two Point Five -Six Percent rise.

The surge followed a rise in demand for energy that resulted from rebound activities in the face of the refusal of the Organsation of Petroleum Exporting Countries (OPEC) to increase supply.

The data showed that oil prices rose more than 2% on Monday, extending gains as an energy crisis gripping major economies shows no sign of easing amid a pickup in economic activity and restrained supplies from major producers.

Brent crude was up by one point seven dollars, a two point one percent increase , closing at  Eighty-Four Point Zero-Nine Per  Barrel which was the highest since October 2018.

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