Crude oil price rises above $61

Oil Records First Loss in 10 Days as OPEC Trims Demand

Crude oil price today rises above $61   The international oil benchmark, Brent crude, rose further on Tuesday, trading above $61 per barrel. Brent had hit the $60 per barrel mark on Monday for the first in more than a year. The further rise in oil prices comes amid optimism for a vaccine-led economic recovery and a commitment by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) to restrain the supply of crude oil. Brent, against which Nigeria’s oil is priced, increased by $0.53 to $61.09 per…

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