
Tariff Shock: Oil Declines, CBN Sells $198 Million To Support Naira
Crude oil prices have weakened, declining by over 12% to approximately $65.50 per barrel, following sweeping trade tariffs by President Donald Trump against countries. Oil trade above $70 per barrel before President Trump slammed the tariffs. The price of OPEC basket of twelve crudes stood at $75,35 a barrel on Thursday, compared with $77,44 the…