Bonny Light, Nigeria’s crude grade, trades at $$65.36 per barrel
Bonny Light, Nigeria’s crude grade, trades at $$65.36 per barrel Stephen U.C, 26th Feb, 2021 Nigeria’s grade of crude oil, Bonny Light, yesterday, witnessed a marginal rise of $1.63 cent, or 2.56 percent rise to $65.36 per barrel from the previous day, giving further relief to the nation’s budget benchmark, even as Organisation of the Petroleum Exporting Countries Plus (OPEC+) mulls oil production increase. This development, according to global crude oil prices sighted by our correspondent, places the nation’s Excess Crude Account, ECA, on a positive trajectory. The ECA is the actual oil price minus the oil price benchmark....
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