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.

Watch and enjoy!

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