Crude oil prices plummet significantly, raises hopes of petrol cuts in Nigeria

Crude lipid prices dropped by astir 8 percent aft President Donald Trump of the United States announced a postponement of the deadline fixed to Iran for the reopening of the Strait of Hormuz.

Checks by DAILY POST connected Monday showed that Brent and West Texas Intermediate crude blends dropped by 8 and 7 percent to 103.7 and 91.38 per tube arsenic of Monday afternoon.

Recall that President Donald connected Monday shifted his deadline to Iran by 5 days implicit what helium described arsenic talks with Iran.

However, Iranian authorities had denied contacting Trump for talks either straight oregon indirectly.

Last week, Nigerians experienced a large home substance hike aft Dangote Refinery accrued its gantry terms to N1,245 per liter arsenic portion of the ripple effect of the Iran-United States-Israel war. Currently, retail substance prices surged to betwixt N1,367 and N1,440 crossed filli...