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Oil Price Hits $85 A Barrel For The First Time In Three Years

The Nigerian oil export revenue has gotten a major boost as brent oil just topped $85 a barrel for the first time since October 2018.

 

Brent crude futures traded as high as $85.07 a barrel on Friday morning, and US West Texas Intermediate (WTI) crude futures rose 0.85 percent to $82 a barrel.

 

This is coming after the Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed to maintain its gradual monthly oil production increase.

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