Brent Crude Now Trading Above July 2017 Average


Brent crude is now trading at $51.48pb which is 4.69% above the July average of $49.17pb. Based on the marginal cost of $27pb, the yield on Nigerian crude is now $24.

Barring any resurgence in Niger Delta militancy, oil revenues should be positive in August. This will boost the external reserves which is now at a 14-month high of $30.77bn

The attached report summarizes the commodity price movements for this week.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of and also sits on the board of Students In Business Awards, (SIBA).


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