Oil Plunges 5% as Lockdown in Europe Weakens Market
Adedapo Adesanya By Adedapo Adesanya The international benchmark crude oil, Brent crude, dropped almost 6 per cent, precisely 5.93 per…
Oil Market
Oil Records First Loss in 10 Days as OPEC Trims Demand
By Adedapo Adesanya Crude oil went the negative route on Thursday, halting a nine-day gaining streak after demand…
Brent Nears $60 Per Barrel as Market Extends Bullish Run
By Adedapo Adesanya Brent crude continued to shoot towards the $60 per barrel mark on Friday, posting further…
Supply Restrictions from Iraq, Libya Buoys Oil Prices
By Adedapo Adesanya Oil prices returned to the positive territory on Monday as a result of by supply…
Oil Dips Monday Despite Signing of Stimulus Bill
By Adedapo Adesanya Crude prices slumped on Monday after the Christmas break despite positive indicators such as vaccine…
EU, UK Brexit Trade Deal Buoys Oil Market
By Adedapo Adesanya The bullish momentum at the oil market lately was sustained on Thursday and this was…
Expectations from US Presidential Election Lift Oil Market
By Adedapo Adesanya Oil futures finished higher, gaining more than three per cent on Monday after a deep…
Oil Bearish as Trump Dashes Hopes of Fresh Stimulus
By Adedapo Adesanya The oil market was bearish on Wednesday on news that the United States President, Mr…
Oil Marks Another Weekly Drop over Worrisome Demand
By Adedapo Adesanya Oil futures suffered a second consecutive weekly decline on Friday, pressured by worries over the…
Saudi Price Cut, Demand Slowdown Weaken Oil Market
By Adedapo Adesanya Oil prices opened the new week with a downward movement on Monday on the back…