Oil Prices Struggle Amid Global Economic Factors
Oil prices, including Brent crude and WTI crude, dropped significantly, with Brent settling at $62.73 per barrel and WTI at $58.90 per barrel. Nigeria's budget relies on a crude production target of 2.06 million barrels per day at a benchmark price of $75 per barrel.
Geopolitical issues, such as the Gaza ceasefire and US-China trade tensions, are affecting oil prices. OPEC's production cuts are also contributing to the market dynamics.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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