Oil
Oil Prices Edge Higher, Brent Rises 5% Week-on-Week To $115
CEII brief
MarketForces Africa reported on 24 Oct 2026: Oil Prices Edge Higher, Brent Rises 5% Week-on-Week To $115.
Read the full story on MarketForces AfricaInternational benchmark Brent crude futures for December delivery traded at $114.90 per barrel, up 5.04% from last Friday’s close of $109.86.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © MarketForces Africa. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
