Crude OIL Exports

Crude oil futures remain supported as geopolitical uncertainty continues to overshadow light profit-taking tied to Iran talks. Tight export flows, restricted Strait of Hormuz movement and low distillate inventories are keeping bullish traders engaged.

USD/NGN is coiling inside a multi-year symmetrical triangle as moving averages compress near key support, keeping traders alert for a directional break. Stronger foreign exchange inflows have helped the naira, but oil revenue and import demand remain critical risks.