Dear Subscriber,

Brent climbed to $68.62pb after a 5.8m barrel draw in crude stockpile

Brent futures rose 1.39% to $68.62pb, driven by strong U.S. demand after EIA data showed crude inventories dropped 1.38% to 415.1mb. The American Automobile Association projects 61.6 million travelers between June 28 and July 6, a 2.2% (yoy) increase. Additionally, Trump’s reaffirmation on renewed pressure on Iranian oil exports may keep prices elevated in the near term.

The price of 70g noodles spiked by 29% to N9,700

The price of a 70g pack of noodles surged by 29% to N9,700 from N7,500 in 2025, driven by higher demand and increasing input costs. To lower costs, manufacturers are exploring substitutes like cassava flour. With palm oil and wheat prices falling and cassava-wheat flour blends, noodle prices are likely to fall in the near term.

FDC’s Manager, Dumebi Oluwole, and analyst, Toju Meggison, discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated, respectively.

Click the link below to watch the video.

Enjoy your read!