 In order to energy martyrs, Brents, their crude against which Nigeria's oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of the organization of petroleum-exporting countries, OPEC, to increase oil production. Industry figures showed that Brent fell $1.2 per barrel, to $70.39 per barrel as of 8.36 am Nigerian time. This came as OPEC and its allies earlier agreed on Sunday to increase crude oil production by 400,000 barrels per day. It disclosed this in its declaration of cooperation resolutions that reached the 19th OPEC and non-OPEC ministerial meeting held virtually. On issues agreed upon by participating countries, the organization stated that they decided to adjust upwards their overall production by 0.4 million barrels per day on a monthly basis starting from August 2021, up until facing out their 5.8 million barrels per day production.