Economy Oil Prices Drop on Stronger US Dollar, Profit Taking August 2, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices edged lower on Tuesday, spurred by a stronger US Dollar and signs of profit-taking. Brent crude futures settled at Read More
Economy Oil Rallies on Tight Global Supply, Rising Demand August 1, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market rallied on Monday and touched its highest point since January 2022, supported by signs of tightening global supply Read More
Economy Crude Oil Won’t Sell at $90 Per Barrel in 2023—Analysts July 31, 2023 Adedapo Adesanya By Adedapo Adesanya Some oil market analysts have projected that the price of crude oil is not expected to reach $90 per barrel this Read More
Economy Brent Jumps to $84 on OPEC+ Induced Supply Tightness July 28, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil prices settled higher on Thursday, with Brent closing at $84.35 per barrel after gaining 1.6 per cent or $1.32 Read More
Economy Worries for Nigerians as Brent Nears $84 Per Barrel July 27, 2023 Adedapo Adesanya By Adedapo Adesanya The price of Brent crude rose by 82 cents or 0.99 per cent on Wednesday to $83.74 per barrel after the Read More
Economy Chinese Stimulus Plan, Tight Supply Revive Oil Market July 25, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market moved up by over 2 per cent on Monday on tightening supply as hopes for Chinese stimulus measures Read More
Economy Brent Hits $81 Amid Fresh Supply Disruption, Tightness July 22, 2023 Adedapo Adesanya By Adedapo Adesanya Brent crude rose by 1.8 per cent or $1.43 on Friday to sell at $81.07 per barrel, posting its fourth consecutive Read More
Economy Oil Rebounds on Inventories Support Despite Sour Demand Outlook July 21, 2023 Adedapo Adesanya By Adedapo Adesanya Oil settled slightly higher on Thursday amid lower crude inventories in the US and strong crude imports by China, but a Read More
Economy Oil Drops on Profit Taking Amid Tighter US Crude Supplies July 20, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market finished lower on Wednesday as investors took profits following earlier gains on tighter US crude supplies and China’s Read More
Economy Crude Prices Rise on Expected Chinese Economic Support July 19, 2023 Adedapo Adesanya By Adedapo Adesanya Crude prices climbed higher on Tuesday after China said it would act to support economic growth, with Brent futures growing by Read More