Nigeria, Oct. 13 -- Encouraged by calming U.S.-China tensions that sparked hope throughout world energy markets, Nigeria's crude oil prices stabilized at about $67 per barrel this week.

As Brent finished at $63.76 per barrel and WTI climbed 2 percent to $59.92, Bonny Light, the country's flagship crude, traded in line with world markers.



The News Chronicle gathered that cheap purchases and fresh investor confidence following signs of diplomatic contact between Washington and Beijing helped to speed the recovery. Oil traders believe that Chinese President Xi Jinping and U.S. President Donald Trump may find some middle ground at the forthcoming APEC meeting in South Korea, therefore reducing worries of another tariff war.



Trump's g...