Brent crude oil price nears 50 dollars per barrel


The number of visits: 3019 Published on: 17/5/2016, 13:47 Published by: Hamid

Brent crude oil price nears 50 dollars per barrel

Brent crude prices rose on Tuesday, to reach approximately US $ 50 per barrel, with an output of Nigeria crashes.



Oil prices rose unexpectedly and that by more than 2 percent to its highest level in November 2015, with the support of the stalled production in Nigeria in particular.



Brent prices rose to $ 49.43 per barrel and an increase of $ 0.43 or 0.88%, while US crude prices rose to $ 48.32.



Valley production in Nigeria decline and fears of political instability in Venezuela to a lack of supply in the market, although the rise in OPEC production and rising dollar.

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