Crude oil prices?

Question

I am wondering who keeps deciding the crude oil prices every week. Can anyone explain me this?

How will increase in crude oil prices lead to increase in inflation?

Of course, i wish if someone could brief me about inflation too..

Answer 1

HERE IN NIGERIA LIKE WHAT EVERY ONE NO THAT OUR COUNTRY IS NUMBER 9 OIL PRODUCING NATION AND I AM FROM A SALES DEPARTMENT, IN MY CUSTODY IS  A 14 LOADED SHIP IN BUNNY LIGHT CRUDE OIL FOR SALE,IT WILL BE SOLD FOR THE RATE OF A INFRASTRUCTURAL TO A RETAILER I.E IT WILL BE SOLD FOR A LOW RATE AND YOU WILL SALE IN MUCH HIGHER RATE IF YOU ARE INTERESTED CONTACT US WITH THIS EMAIL ADDRESS: [e-mail]

                                              best regard
                                       DR MOHAMMED SANNOSE BAKINDO
                              (group managering of n.n.p.c. sales department)

Answer 2

Dear Sir / Madam,

We are direct mandates to sellers of Nigerian BONNY LIGHT / FORCADOS crude oil. We have available products for TTT or TTO. If you are a buyer or a buyers mandate, Kindly contact us in this regards.

Interested refineries should immediately contact us for further details so as to seal the deal as soon as possible.

Most importantly interested buyers must have trusted agents on ground in Nigeria to follow up with the inspection of the product and other formalities.

E-mail: [e-mail] Tel: [phone] or [phone]