Oil Mixed as OPEC+ Members Dispute Colour Supply Outlook
Oil prices swung as OPEC+ members altered their plans to digitally communicate output decisions after delaying their meeting for four days, flooding the markets with supply concerns.
Average Price of 5kg Cooking Gas Stood at N4,562. – NBS
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,189.96 recorded in September to N4,562.51 in October.
Oil Tumbles below $100/Barrel on Expected Output Hike
Crude oil prices tumbled, falling below $100 per barrel, on expectations that the Organisation of Petroleum Exporting Countries (OPEC) and allies will raise output at their august meeting. The price decline is also noted to have been supported by the prospect that oil companies would ramp up output following a very good earnings season, according to OANDA analyst Edward Moya.
