Crude MCX Above 4410 Looking Hot Hot, Only Buy

Nigeria Boasts Oil Production Cost of $23 Per Barrel

The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies were not stopping there and were aiming to reduce this further, to US$15 a barrel.

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Crude Oil reserves in America fell more than expected, crude oil crossed $95

Oil Jumps On Large Crude Inventory Draw

Gold Silver Reports (GSR) – Crude oil prices inched higher today after the EIA released its latest Weekly Petroleum Status Report, in which the authority said crude oil inventories had fallen by 8.6 million barrels in the week to February 22, though they are still above the seasonal five-year average.

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