Oil prices | Business Post Nigeria

US Demand Data, Possible Gaza Ceasefire Weaken Oil Prices

March 22, 2024

By Adedapo Adesanya Oil prices settled slightly lower on Thursday, pressured by weaker US demand data and reports of a United Nations draft resolution

Economy

Oil Prices Soar as Ukraine Disrupts Russian Petroleum Supplies

March 20, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices further surged on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies.

Economy

Brent Rises to $85 as IEA Predicts Tighter Supply Market

March 15, 2024

Adedapo Adesanya

By Adedapo Adesanya Brent crude appreciated by $1.39 or 1.7 per cent on Thursday to sell at $85.42 per barrel, its highest level in

Economy

Brent Sells $84 Per Barrel on US Inventory Drops, Supply Disruption

March 14, 2024

Adedapo Adesanya

By Adedapo Adesanya Brent crude jumped by 2.6 per cent or $2.11 to a four-month high of $84.03 per barrel on Wednesday on a

Economy

Oil Prices Dip on Surge in US Crude Production, Inflation

March 13, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices dipped on Tuesday, following a higher-than-expected forecast for crude production and bearish economic data in the world’s largest oil

Economy

Oil Market Mixed as Middle Eastern Supply Concerns Ease

March 12, 2024

Adedapo Adesanya

By Adedapo Adesanya The oil market was mixed on Monday as concerns eased that fighting in the Middle East would disrupt supply and Chinese

Economy

Oil Prices Mixed as Market Weighs Positive Chinese Data Amid Rise in Supply

March 8, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices were mixed on Thursday as markets weighed new economic data from China against increasing supply that could create an

Economy

Oil Prices Fall on China’s Outlook, Waning Demand

March 6, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices fell for a second straight session on Tuesday as scepticism around China’s economic growth and declining risk appetite countered

Economy

Oil Market Falls Despite OPEC+ Cut Extension

March 5, 2024

Adedapo Adesanya

By Adedapo Adesanya The oil market fell slightly on Monday, as demand headwinds outweighed a widely expected extension of voluntary output cuts through the