crude oil market | Business Post Nigeria

Oil Market Dips as Recession Worries Outweigh US Stockpiles Draw

April 27, 2023

By Adedapo Adesanya The oil market dropped by almost 4 per cent on Wednesday, extending the previous session’s sharp losses, as recession shadowed a

Economy

Oil Rises on Positive Europe, US, UK Economic Data

April 22, 2023

Adedapo Adesanya

By Adedapo Adesanya Oil edged higher on Friday on strong economic data in the Eurozone, the United States, and the United Kingdom, with Brent

Economy

Crude Oil Market Slides Despite Draw in US Stockpiles

April 20, 2023

Adedapo Adesanya

By Adedapo Adesanya The crude oil market slid about 2 per cent to a two-week low on Wednesday despite a sharp decline in US

Economy

Crude Oil Market Flat Despite Drop in US Crude, Fuel Inventories

April 6, 2023

Adedapo Adesanya

By Adedapo Adesanya The crude oil market settled largely unchanged on Wednesday despite greater-than-expected draws in crude and fuel stockpiles in the United States.

Economy

US Reserves Worries Tumble Crude Oil Market

March 25, 2023

Adedapo Adesanya

By Adedapo Adesanya The crude oil market settled lower on Friday as the United States said it would be difficult to refill the Strategic

Economy

Continued Rate Hike Fears Depress Oil Market

March 10, 2023

Adedapo Adesanya

By Adedapo Adesanya The oil market slid more than one per cent to a two-week low on Thursday on increased worries the US Federal

Economy

Crude Oil Market Down After US Fed Chief Comments

March 8, 2023

Adedapo Adesanya

By Adedapo Adesanya The crude oil market fell on Tuesday after comments from US Federal Reserve Chair Jerome Powell stoked rate hike fears, with

Economy

Russia’s Plans for Deeper Export Cuts Sway Oil Market

February 24, 2023

Adedapo Adesanya

By Adedapo Adesanya The oil market reacted to plans by Russia to deeply cut its crude exports next month, with Brent rising by 2

Economy

Crude Oil Falls as Earthquake, Demand Worries Ease

February 10, 2023

Adedapo Adesanya

By Adedapo Adesanya Crude oil prices moderated on Thursday as oil infrastructure appeared to have escaped serious damage from the earthquake that devastated parts