Oil Price Volatility Is a Feature of Commodity Markets

Thursday, January 25, 2018   06.17PM / FDC 

With oil prices above $70pb, a 36-month high, policy makers in Nigeria are likely to be thinking of reviewing budgetary spending upwards and looking forward to a stronger naira. 

However, it is still too soon to celebrate as oil price volatility is a feature of commodity markets. 

The current price is 15.73% above the average in Q4’17 and thus provides a much needed buffer against exogenous shocks. 

The attached slides contain a snapshot of the commodities market and the burning economic issues on the domestic and global front.




















 

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