Nigerian crude prices surged above $70 per barrel, marginally higher than the major oil contracts traded on the global oil market.
Major oil contracts reached a two-week high yesterday after fresh Houthi attacks on shipping in the Red Sea raised concerns over supply disruptions.
Reuters reported on Tuesday that four crew members aboard the Greek-operated, Liberian-flagged bulk carrier Eternity C were killed by drones and speedboats off Yemen’s coast.