Oil prices continued to crash, yesterday, as speculators abandoned the volatile market, while Russia claimed it wants the Iranian nuclear deal to be signed as soon as possible. This is coming as, again, Nigeria failed to meet the 1.8 million barrels per day oil production quota set by the Organisation of Petroleum Exporting Countries, OPEC, clocking just 1.258m/d production in February, 2022. Monthly Oil Market Report released by OPEC, yesterday, showed that Nigeria’s oil production last month fell by 10.07 per cent from the 1.399 million barrels per day production level it recorded in January. In the international scene, Brent crude, the global benchmark, fell about 8 per cent to about $98.87 a barrel, its lowest price since late February. West Texas Intermediate crude, the U.S. benchmark, was down more than 8 percent at $94.43 a barrel. Over the past week, crude prices have plunged by more than 20 […]