Nigeria would not consider reducing production until March 2018

Author: Greg Michalowski | Category: News

Financial Times reports.

The Financial Times is reporting that Nigeria would not consider reducing oil production until at least March.

Crude oil is trading around $48.00 /BBL. The high reached $48.44. The low extended to $47.73. The headlines did send the price down about 30 to 40 cents (see chart below), but does remain above the earlier lows.