How Oil Skyrocketed To $71 Per Barrel, Highest In 14 Months

  Here are details of what Nigerians stand to lose despite the oil price that pushed their country’s Excess crude earnings to $43.2m in 24 hours Crude oil, Nigeria’s biggest revenue earner, hit $71.38 per barrel on Monday, being the highest point in 14 months. This new price, which  pushed Nigeria’s excess crude earnings on 1.8 million barrels output to OPEC market to $43.2 million in  one day, worsened the forecast for high price of refined petroleum product for the country, which depends largely on import to service its local…

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