//
  • info@ocmlng.com
  • 0201-2914775

Nigerian crude surges past $70/barrel, tops FG’s 2026 budget benchmark

Home > market news
Financial News

Nigerian crude surges past $70/barrel, tops FG’s 2026 budget benchmark

27 Feb, 2026

Nigerian crude oil last traded above $70 a barrel, higher than FG’s 2026 budget benchmark of $64.85 amid growing geopolitical risk. Latest price action shows Bonny Light trading at around $71 a barrel, a 0.7% drop from $72.3 on Monday. Nigerian crude is popularly known for being “light and sweet.”........................ READ MORE