Oil slumps 14% to $94.41 per barrel on US-Iran ceasefire

By Udeme Akpan The price of Nigeria’s Bonny Light crude has dropped by 14.2 per cent to $94.41 per barrel from $110 per barrel on Tuesday in the global oil market, following the announcement of a two-week ceasefire by Donald Trump. Iran also indicated it would ensure the safe passage of oil tankers through the Strait of […] The post Oil slumps 14% to $94.41 per barrel on US-Iran ceasefire appeared first on Vanguard News .

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