Saturday, July 08, 2017 11:32 AM / FDC
Oil prices increased by 1.95% to $48.72pb as US data showed that crude inventories fell by 6.3mb. The gradual rebound in price is good news for Nigeria as domestic production is expected to increase to approximately 1.8mbpd.
Staple food prices remain high partly due to shortages arising from heavy rains.
The attached bulletin addresses price movements in the domestic and global commodities market.