Ediri Ejoh

1 week ago | allafrica.com | Udeme Akpan |Ediri Ejoh

The price of crude oil, yesterday, dropped marginally to $73 per barrel from $74 per barrel in the international market as the Israel-Iran conflict tension eases. The tension eased following Iran's indication of interest to halt hostilities and resume negotiations over its nuclear program with Israel. Consequently, the price of Brent, usually used to benchmark other prices, dropped to $73.06 per barrel from over $74.20 per barrel, yesterday, indicating a decrease of 1.5 per cent.