Brass River In 2005 the Nigerian Agip Oil Company (NAOC) was producing oil from 146 wells, and operated an export terminal at Brass River. Brass River Crude Oil is a sweet medium light crude. In the 17th and 18th centuries the Portuguese controlled the Brass River, which was closed to British traders and was an outlet for shipping slaves to the Americas. The town of Brass was inaccessible, reached only via the creeks. After 1807 the British began trying to suppress the slave trade. Don Pablo Frexas, in alliance with the chiefs of Brass and Bonny, was the main organizer of the
Commodity currency Commodity currency A commodity currency is a name given to some currencies that co-move with the world prices of primary commodity products, due to these countries' heavy dependency on the export of certain raw materials for income. Commodity currencies are most popular in developing countries (eg. Burundi, Tanzania, Papua New Guinea). However developed countries like Canada and Australia can also have this type of currency. For example, the Canadian Dollar grows stronger, the higher the price of soybeans and oil because these are Canada's two major commodities. In the foreign exchange market, commodity currencies generally refer to the Australian dollar,