# Arab News | Oil Updates — Crude slides; Nigeria raises $482m from oilfield licenses; Exxon, Imperial to sell shale assets

> Brent for August fell 84 cents to $117.14 and WTI slid 54 cents to $111.22 on June 29 as markets weighed economic concerns against tight supply. Nigeria said it raised more than $482 million from marginal oilfield license auctions. Exxon and Imperial were reported to be selling shale assets.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41114-arab-news-oil-updates-crude-slides-nigeria-raises-482m-from-oilfield-licenses
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Routine price moves with no major new supply shock mean limited direct impact on feed costs. Ongoing macro worries keep energy prices under mild pressure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- arabnews.com: https://www.arabnews.com/business/oil-updates-crude-slides-nigeria-raises-482m-from-oilfield-licenses-exxon-imperial-to-sell-shale-assets-2113136

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.