Economy Escalation of Israel-Hamas Conflict Can Drive Oil to $157—World Bank October 30, 2023 Adedapo Adesanya By Adedapo Adesanya The World Bank has warned that oil prices could soar to a record high of $157 a barrel if the war Read More
Economy Oil Prices Soar as Israel Intensifies Gaza Bombardment October 28, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices climbed about 3 per cent on Friday on worries that tensions in Israel and Gaza could spread into a Read More
Economy Oil Prices Slide 2% on Sluggish European Data Trigger October 25, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices fell by 2 per cent on Tuesday, for the third straight session, after slow economic data from Europe weighed Read More
Economy Oil Prices Fall as Hamas Hostage Release Eases Pressure October 21, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices settled lower on Friday after the Islamist group, Hamas, released two US hostages from Gaza, a move that calmed Read More
Economy Oil Prices Jump 1% on Worries of Middle East Tensions October 20, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices rose by 1 per cent on Thursday as tensions surged over fears that Israel’s military campaign in Gaza could Read More
Economy Brent Jumps on US Stockpile Draw, Rising Middle East Tensions October 19, 2023 Adedapo Adesanya By Adedapo Adesanya Brent climbed by 1.8 per cent or $1.60 to a two-week high of $91.50 per barrel on Wednesday on a bigger-than-expected Read More
Economy Strong Dollar, High Interest Rates Worries Weaken Oil Prices October 3, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices fell about 2 per cent on Monday as the US Dollar strengthened and traders took profits while the market 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 Oil Market Dips on Profit Taking, High Rates Worries September 29, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest 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