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Nigerian oil priced $2 above active brent contract

Nigerian crude oil blends, including Brass River, Bonny Light, and Qua Iboe, are approaching $80 per barrel, currently trading slightly above $77, which is over $2 higher than the active Brent contract. The recent conflict involving Iran-backed militias and Israel has shifted market dynamics, prompting concerns that could disrupt crude oil flows from the Middle […]