Oil pares gains as investors wait to see if coronavirus stimulus works
Oil prices rose on Thursday but pared early gains as investors tried to assess how effective massive stimulus by central banks will be in shoring up the global economy as the shock from the coronavirus pandemic deepens. Bucking panic selling…
2020 budget funding shocks heighten as oil steadies at downward trend
The observed continuous drop in the international oil benchmark, Brent crude, which plummeted to its lowest level in more than a year since Monday, had become a source of worry for the Nigerian economy as the earnings is the pivot…
Crude oil on the rise again as Saudi Arabia ends shipment via Red Sea lane
Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. Brent crude futures…
Crude oil price dips further on China demand, surging U.S. output
Oil prices reversed earlier gains on Friday and fell as surging U.S. output as well as signs of weakening demand in China weighed on markets, even though supply woes in Venezuela and OPEC’s ongoing production cuts offered crude some support….
Oil surges to highest since November 2014 as Brent edges closer to $80
Oil prices hit their highest level since November 2014 on Thursday, with Brent crude creeping ever closer to $80 per barrel as supplies tightened and demand remained strong. This is National Assembly jerks up oil benchmark from $45 to $51…
Anxiety as oil prices drop more than 1% amid global market disquiet
Global oil prices on Tuesday, fall more than 1 percent amid global market rout, thus extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on…
