Crude oil prices have continued to be on an upward swing in the last few days, signalling hope of better economic fortunes for Nigeria and other Organisation of Petroleum Exporting Countries (OPEC). Brent crude futures rose towards $66 yesterday, which is far above the approved $53 per barrel benchmark for crude oil in Nigeria’s 2015 budget. The price of OPEC basket of 12 crudes stood at $62.03 a barrel on Monday, while it recorded $62.44 the previous Friday. June Brent crude was up 88 cents at $65.79 (£42.02) a barrel by 14.52 London time, easing back from an intraday high of $66.45 a barrel. June West Texas Intermediate (WTI) rose 58 cents to $59.83 a barrel, after touching $60.55 a barrel earlier in the day. Meanwhile, OPEC has warned against price speculators, accusing them of contributing to the uncertainty in crude oil prices. Speaking on the recent uncertainty in […]