Aaib, crude oil prices surge to above $100 per barrel

Crude lipid prices person again surpassed $100 per tube arsenic the ripple effects of the Iran-United States-Israel warfare wound harder connected the Gulf portion and the satellite successful general.

DAILY POST reports Brent topped $101.3 per tube portion West Texas Intermediate surged to $96.30 per tube arsenic of Friday greeting aft dipping to beneath $90 per tube connected Monday and Tuesday.

This means that Brent and WTI crude blend prices surged by 0.64 percent and 0.09 percent connected a day-to-day ground arsenic of the clip of filing this report.

Twelve days of warfare had led to the blockage of the Strait of Hormuz and the shutdown of large refinery facilities successful the region.

The US-Israeli confederation and Iran person refused to backmost down arsenic the situation successful the Middle East affects economies worldwide, including Nigeria.

DAILY POST reports that premium centrifugal spirit, a merchandise of crude, had gone up astatine slightest 3 times since the warfare commenced connected February 28th.

Dangote Refinery had raised its gantry petrol to N1,175 per liter, up from N799 earlier the Middle East conflict. However, the 650,000 barrels per time refinery chopped t...