RealNews

Nigeria: Oil Dips Below $35 as Global Markets Slump

As more negative global signs indicated worsening recession, oil prices dipped by nearly eight per cent yesterday. Light, sweet crude for March delivery fell $2.87 to $34.64 a barrel on the New York Mercantile Exchange after settling at $37.51 on Friday. Nymex was closed for the Presidents Day holiday on Monday. (Full Story)

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