Nigerian crude rises above $70 as global supply fears mount

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From Adanna Nnamani, Abuja

The price of Nigerian crude oil climbed above $70 per barrel on Tuesday, influenced by renewed fears of global supply disruptions following Houthi-led attacks on vessels in the Red Sea.

Nigerian oil blends, Bonny Light, Brass River, and Qua Iboe, were sold at $72.3 per barrel, trading slightly above major global oil contracts and inching closer to the Federal…

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