Oil Now $51Per Barrel

Crude oil recovered from its below-$50 price on Wednesday to remain at slightly above $51 per barrel on Thursday and Friday. Nigeria’s Bonny Light is now trading at $54 per barrel.

A barrel equals to 159 litres. An average drum is 144 litres.

Nigeria’s economy, which depends mainly on oil, is still in trouble. There are fears that the price will keep crashing throughout the winter.

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