Brent is currently trading at $66.26pb, which is 5.7% lower than the average price in May. Oil price volatility will remain higher than expected until global growth alignment is streamlined at the G-20 meeting and the response of OPEC at its bi-annual meeting in July.
Meanwhile Nigeria will continue enjoying a mini windfall until the dust settles.
In the link below, these and other issues were discussed on the Channels TV Business Morning programme today.
Enjoy your read!