Tag: Oil Prices

Brent crude oil prices have dipped below $70 per barrel for the first time since December 2021, marking a significant downturn. The global benchmark fell by 2.8%, reflecting strong supply-demand ...

Oil prices experienced a 2% decline on Thursday, fueled by unconfirmed reports of a potential truce between Israel and Hamas. This drop coincided with a notable U.S. refinery shutting down ...

Allianz Trade, a Paris-based entity, has raised a warning flag, stating that crude oil prices could soar to as high as $140 per barrel, which could have dire consequences for ...

Goldman Sachs still expects Brent Crude prices to hit $100 per barrel this year, but only in December, compared to earlier expectations of $100 oil as soon as mid-2023, the ...

Oil prices fell more than 4% in the year's first trade, weighed down by weak Chinese demand data, a bleak economic outlook, and a stronger US dollar. Brent futures fell ...

On Monday, the crude oil market rose as optimism about China relaxing its COVID-19 restrictions outweighed concerns about a global recession weighing on energy demand. Brent crude rose 76 cents ...

Oil prices rose more than $2 per barrel on Wednesday, owing to signs of tighter supply, a weaker US dollar, and optimism about a Chinese demand recovery. Brent crude traded ...

By Henry Boyo THE crash in the Naira exchange rate from N199=$1 in Dec. 2015 to almost N500=$1, by January 2016, was popularly attributed to the erosion of Nigeria’s foreign ...