Crude oil price falls as tension between US and Iran doused

As the tension in the middle east goes down, the price of crude oil at the international market has begun to reduce from the spike it gained last week.

As the week ended yesterday, the price of the oil closed at $59 dropping from $65 that it was on Tuesday when the tension between the United States of America and Iran was high.

However, it’s still some $2 above the 2020 budget benchmark, which was pegged at $57.

See graphic images below as obtained by NEWS FLAKES NG;

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