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Oil surges near $68 on better economic outlook but benefits elude Nigeria

Oil surges near $68 on better economic outlook but benefits elude Nigeria

Oil is continuing to extend gains after closing at a six-week high but the benefits will elude Nigeria where petrol subsidy payments are guzzling up any increase in oil proceeds. The rising oil price comes as signs of strengthening demand in key markets offset concerns a Covid-19 resurgence in some countries, especially India, will damp…

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