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Tuesday, September 27, 2022

BREAKING: Brent crude oil surges above $135 per barrel

The Brent crude oil in a trading session surges over $135 per barrel, as Russia’s invasion of Ukraine, intensifies and oil buyers shunned barrels from one of the world’s largest exporters of crude and refined crude products.

The record increase in Price might not have a positive effect on Nigeria, despite being a top oil-producing country.

A lot of reasons, bordering from bunkering, fuel subsidy, others might have an overall effect on the price of oil  

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Since Russia began its invasion in Ukraine the United States and other European nations have been reluctant to sanction Russia’s oil and gas exports.

This is because the Western allies are concerned about the repercussions on Europe’s energy supply and skyrocketing oil and gasoline prices.

Russia, Iran, Qatar and the United states as the largest gas reserves in the world 

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