Ukraine: Prices Surge Toward $120 Per Barrel On OPEC Decisions

The prices of many crudes,  yesterday, surged toward $120 per barrel on the decisions of the Organisation of Petroleum Exporting Countries, OPEC.

This came as many buyers decided to shun Russian crudes, amid concerns about supply disruptions.

Brent, WTI, rose to $107, $111 and $109 per barrel, from $98, $104 and $108 per barrel respectively, yesterday.

The Minister of State for Petroleum Resources, Timipre Sylva, had, said the increase in prices of crude oil is not in the best interest of Nigeria

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