FDC COMMODITY UPDATE – JULY 11, 2017

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Oil prices climbed 0.64% to $47.18pb however, the current stability in the forex market could be threatened if Nigeria is now included in the OPEC output curb.

A meeting in Russia of oil producers is in 2 weeks to discuss the current supply glut in the oil markets.

The implications of these on Nigerian revenue and domestic commodity prices are analyzed in the attached report.

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