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
Economy Oil Prices Down by 1% as US Fed Pauses Interest Rate Hike September 21, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices fell by 1 per cent on Wednesday after the US Federal Reserve left interest rates unchanged, as widely expected. Read More
Economy Oil Prices Down Amid Profit-Taking September 20, 2023 Adedapo Adesanya By Adedapo Adesanya After three sessions of gains that followed extended production cuts from Saudi Arabia and Russia, oil prices fell on Tuesday as Read More
Economy Oil Rises to 10-Month High on Supply Cuts, Demand Optimism September 16, 2023 Adedapo Adesanya By Adedapo Adesanya Oil hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production Read More
Economy Crude Oil Prices Drop on US Crude Inventories Build September 14, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil prices edged lower on Wednesday as a surprise build in US crude inventories offset expectations of tight crude supply Read More
Economy Crude Oil Stable at $90 Amid Supply Cuts Support September 12, 2023 Adedapo Adesanya By Adedapo Adesanya The crude oil market was relatively stable on Monday after reaching the $90 mark last week for the first time in Read More