Bonny Light nears $95 as Strait of Hormuz tensions keep oil markets on edge

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The price of Nigerian crude oil Bonny Light approached $95 per barrel amid ongoing geopolitical tensions in the Middle East and strategic trade chokepoints like the Strait of Hormuz. These developments are causing uncertainty in global oil markets.

The popular Nigerian crude contract, Bonny Light, approached the $95 per barrel mark amidst heightened market uncertainty driven by persistent geopolitical tensions, particularly in the Middle East and crucial global trade chokepoints such as the Strait of Hormuz. The post Bonny Light nears $95 as Strait of Hormuz tensions keep oil markets on edge appeared first on Nairametrics.