By Serikudi Abdulsamod (SIWES student, Ogitech).
A fatal crash on the Lagos-Ibadan expressway involving a speeding Toyota car results in two fatalities and three injuries.
The injured victims are taken to Victory Hospital in Isara Remo, Ogun State, while the deceased are at the Isara General Hospital morgue.
The victims include three male children, one male adult, and one female adult.
Oil Market Update:
Bonny Light oil price drops to $78.19 per barrel, influenced by global concerns about slowing energy demand.
The decline follows a temporary disruption in maritime trade caused by Houthi group attacks on ships in the Red Sea. Other shipping companies, including BP, temporarily suspend operations through the Red Sea, impacting supply costs.
Brent crude futures and U.S. West Texas Intermediate crude prices rise due to fears of Middle East supply disruptions.
Fed Meeting Impact:
The recent Federal Reserve meeting suggests a potential slowdown in U.S. interest rate hikes, boosting oil prices and ending a seven-week decline.
The growing number of oil tankers halting transit through the Red Sea, in response to Houthi attacks, is likely to further impact supply costs.
