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Nigerian oil trades $2 higher than active brent contract

Nigerian oil blends drew closer to the $80 per barrel mark once again, as the Iran-backed militias-Israeli conflict momentarily changed the dynamics of the oil market. Nigeria’s Brass River, Bonny Light, and Qua Iboe are slightly higher than $77 a barrel, over $2 pricier than the most active Brent contract. Oil prices rose in trading …

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