June 24 (Lagos) - Crude oil prices slid more than 3% after Israel and Iran reached a ceasefire agreement after a 14 day war. The ceasefire was mediated by the US.
Brent crude oil price was down by 3.2% to $69.20 per barrel while Brent oil futures were lower by 3.2% to $ 66.21 per barrel in New York at the time of writing this article.
The fall in crude oil price will come as a relief to Nigerian petrol consumers as the recent spikes had pushed the pump price to near 929 per litre in Lagos.
reporting for easykobo.com on Tuesday, June 24 2025 from Lagos, Nigeria