Business Insider | Oil is hovering around $40 Business Insider WTI crude was at $40.61 a barrel as of 15:35 p.m. GMT (11:35 a.m. ET) on Tuesday, while Brent oil was barely higher at $42.77. The price of the black stuffed dropped below $40 a barrel on Monday and has been on the slide for several weeks, down from a ... Nigeria to resume payments to oil militants in Niger Delta Nigeria resumes cash pay-offs to former militants in oil hub: oil official Nigeria Resumes Payments To Ex-Rebels Plotting Against Oil Industry |