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Analysts had predicted a draw of 2.114 million barrels for the week.
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Analysts had predicted a draw of 2.114 million barrels for the week.
The firm didn’t offer any information about how it plans to structure the deals or pay for the stakes.
Rising oil prices bodes well for the Nigerian budget, given its benchmark price for crude-oil for the 2021 fiscal year.
The naira appreciated against the US dollar at the Investors and Exporters window on Friday to close at N410/$1.
The Hong Kong-based exchange said that such tokenized stock offerings will include MicroStrategy, in addition to tech juggernauts Apple and Microsoft.
The review indicates that oil demand globally shows a curbed recovery over the next few years following the Covid-19 induced demand slump.
Stephen Innes, Chief Global Market Strategist at Axi gave an in-depth analysis of the fundamentals pushing oil prices lower.