Economy Negative Economic Data Keeps Lid on Brent, WTI Prices Friday August 22, 2020 Adedapo Adesanya By Adedapo Adesanya Crude oil prices retreated at the end of the week on the back of more negative news from economic data worsened Read More
Economy Brent, WTI Point Downward Despite Drop in Crude Stockpiles August 20, 2020 Adedapo Adesanya By Adedapo Adesanya Both the Brent and the United States’ West Texas International (WTI) crudes faced south on Wednesday despite a drop in crude Read More
Economy Drop in US Inventories, Improved Demand Spur 2% Rise in Brent August 13, 2020 Adedapo Adesanya By Adedapo Adesanya News that oil inventories fell in the largest producing country, the United States, boosted major oil benchmarks by 2 per cent Read More
Economy Demand Recovery Uncertainty Weaken Brent, WTI Friday August 8, 2020 Adedapo Adesanya By Adedapo Adesanya Oil spiked and hit a five-month high based on larger than expected inventory draw this week, but fears of a second Read More
Economy Brent Returns to $44 over Supportive Crude Data, Instability Fears August 5, 2020 Adedapo Adesanya By Adedapo Adesanya Brent crude returned to the $44 per barrel region on Tuesday following expectations of positive data on US crude inventories and Read More
Economy Brent Sheds 0.12% as US-China Tensions Outweigh Positive Data July 25, 2020 Adedapo Adesanya By Adedapo Adesanya Oil futures were mixed on Friday with support coming from European economic data but the gains were limited as tensions between Read More
Economy Oil Prices Fall as Fresh Lockdown Threatens Recovery July 18, 2020 Adedapo Adesanya By Adedapo Adesanya Oil prices fell on Friday as concerns about the recovery in fuel demand in the face of coronavirus cases surge continued Read More
Economy Brent Sells at $41 on Demand, Oil Glut Worries July 1, 2020 Adedapo Adesanya By Adedapo Adesanya Fears by investors that the rising COVID-19 cases could affect the demand for crude oil at the global market put the Read More
Economy Brent Hits $43 as Producers Tighten Crude Supply June 23, 2020 Adedapo Adesanya By Adedapo Adesanya Oil prices rose higher on Monday as traders banked on tighter supplies from major producers, leading the Brent crude to trade Read More
Economy Brent Rises to $40 Despite Coronavirus Resurgence Threat June 17, 2020 Adedapo Adesanya By Adedapo Adesanya The Brent crude returned to $40 levels on Tuesday despite resurgence of coronavirus in China, the world’s biggest crude importer. The international Read More