Crude oil price rises to $85.88/bbl

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The crude oil market closed on a positive note, rising to a record high as Brent Crude closed at $85.88 per barrel.

The price recorded on Monday indicates a 0.94% decline.

However, West Texas Intermediate (WTI) gained 1.55% to close at $84.25 per barrel, while the OPEC Basket dipped marginally by 0.07% to close at $83.48 per barrel.

Bonny Light also gained 0.45% to close at $84.36 per barrel on Wednesday.

The other Nigerian crudes, Brass River and Qua Iboe, both traded negative with 0.25% each to close at $4 per barrel on Wednesday.

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Francis Ogwo
The young and goal driven writer and cinematographer started his journalism as a print journalist in Kaduna in 2005 writing for Kaduna Chronicles Newspapers, Liberator Newspapers where he became the South Bureau Chief. In 2008, he moved into TV production with an employment into Siverbird Television and Rhythm Fm as a Correspondent. He got certified by Independent Television Producers Association of Nigeria(ITPAN) in 2009. After five years of hardwork and training, he was employed as Associate Producer, Moments With Mo and subsequently Producer, Playground on HipTV. Francis currently majors in documentaries and high profile scripts for news and movies. He is currently a Senior Contents Producer at News Central TV

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