Economy Crude Oil Jumps 2% on Tightened Supply After Output Cuts July 5, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil climbed 2 per cent on Tuesday as markets banked on August supply cuts by top exporters, Saudi Arabia and Read More
Economy Oil Prices Drop Despite Fresh Supply Cuts July 4, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices went down by 1 per cent on Monday as worries about a slowing global economy and possible interest-rate hikes Read More
Economy Oil Prices Soar Despite Chinese Economic Worries July 1, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices settled higher on Friday, with Brent crude futures growing by 56 cents or 0.8 per cent to $74.90 per Read More
Economy Oil Rises Amid Tight Supply, Rate Hike Worries June 30, 2023 Adedapo Adesanya By Adedapo Adesanya Oil closed higher on Thursday, supported by a bigger draw than expected in crude inventories in the United States but remain Read More
Economy Crude Oil Sinks on Plans for Further Interest Rate Hikes June 28, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil witnessed over 2 per cent drop on Tuesday on signals that central banks may not be done with interest Read More
Economy Continued Interest Rate Hikes Depress Oil Prices June 24, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices settled lower on Friday, posting a weekly decline as traders worried interest rate hikes could sap demand. Brent crude Read More
Economy Oil Up Amid Tight US Grain Market, Fed Chair Comments June 22, 2023 Adedapo Adesanya By Adedapo Adesanya Oil rose more than $1 on Wednesday as worries that global crop shortfalls could lower biofuel blending and increase oil demand. Read More
Economy Crude Oil Dips on Continued Chinese Uncertainties June 21, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil futures eased on Tuesday following disappointment with China, the world’s second-biggest oil consumer, after the size of cuts in Read More
Economy Oil Rises on Strong China Demand, Supply Cuts June 17, 2023 Adedapo Adesanya By Adedapo Adesanya Oil rose on Friday and posted a weekly gain as higher Chinese demand and supply cuts from the Organisation of the Read More
Economy Crude Oil Market Jumps on Weak Dollar, Chinese Data June 16, 2023 Adedapo Adesanya By Adedapo Adesanya The crude oil market gained about 3 per cent to a one-week high on Thursday on a weaker US dollar, and Read More