The Nigeria’s Bonny Light Crude Oil Spot Price FOB which was $ per barrel in January 2008 rose to $ in July 2008 before declining to $ per barrel by October 17 2008. Thus, within four months, it had lost 50% of its peak price.
4 Conclusion Ladies and gentlemen, In the short run, the temporary permissions regime will mitigate the outcome of a possible hard Brexit. Nevertheless, thorough preparations by financial institutions are necessary. What happens in the long run depends on how Brexit re-shapes the European financial system. Where does all this leave us? In a way, you could simply say: uncertainty continues.