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

The popular Nigerian crude contract, Bonny Light, approached the $95 per barrel mark amidst heightened market uncertainty driven by persistent geopolitical tensions, particularly i

Olumide AdesinaAugust 15, 20261 min read
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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.

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