Economy Oil Plunges 5% on Worrying US Fuel Demand October 5, 2023 Adedapo Adesanya By Adedapo Adesanya It was not a pleasant day for the oil market on Wednesday as it went down by more than 5 per Read More
Economy Crude Oil Rises as Supply Worries Outweigh Pressures October 4, 2023 Adedapo Adesanya By Adedapo Adesanya The crude oil market improved on Tuesday as the system latched onto tightening crude supply amid pressures from a stronger US Read More
Economy Brent, WTI Shrink on Macroeconomic Worries, Profit Taking September 30, 2023 Adedapo Adesanya By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Read More
Economy Crude Oil Prices up as Supply Worries Return September 27, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil prices settled gained almost one per cent higher on Tuesday as expectations of tighter supply outweighed worries that an Read More
Economy Oil Prices Drop as Russia Modifies Fuel Export Ban September 26, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices moderated in choppy trade on Monday as Russia relaxed its fuel ban amid a widening demand worry. Brent crude Read More
Economy Crude Oil Trades Mixed on Demand Concerns Despite Supply Woes September 23, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban Read More
Economy Oil Slides After Russia Bans Fuel Exports September 22, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices settled lower on Thursday even after Russia announced a ban on fuel exports, with Brent crude down by 23 Read More
Economy Crude Oil Nears $95 Per Barrel as Supply Market Tightens September 19, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil moved closer to $95 per barrel on Monday as expectations of a supply deficit stemming from extended output cuts Read More
Economy Oil Rises to 10-Month High on Supply Cuts, Demand Optimism September 16, 2023 Adedapo Adesanya By Adedapo Adesanya Oil hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production Read More
Economy Crude Oil Prices Drop on US Crude Inventories Build September 14, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil prices edged lower on Wednesday as a surprise build in US crude inventories offset expectations of tight crude supply Read More