WTI CRUDE falls for 10 days   after 34 years that happened
Nov 9 (Lagos) - The US WEST TEXAS INTERMEDIATE CRUDE OIL futures trading at NYMEX in New York fell for 10 days straight to $60.10 per barrel. 

While Brent crude oil price fell to $ 70.07 per barrel for January delivery.

Analysts are warning that it could fall to $ 40 a barrel due to a 'Ferocious' bear market. 

If that happens it is likely to drive the Brent Oil price lower as there is over supply. 

USA is now the top producer of crude oil in the world.  

Nigeria sells its Bonny light sweet crude at a Premium to the Brent Crude prices. The softening of US sanctions on Iran means that the expected demand from India and China may not be coming sooner.

reporting for easykobo.com on Friday, Nov 9 2018 from Lagos, Nigeria

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