Economy Oil Drops on Profit Taking Amid Tighter US Crude Supplies July 20, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market finished lower on Wednesday as investors took profits following earlier gains on tighter US crude supplies and China’s Read More
Economy Oil Rises as Inflation Data Cools Rate Hike Worries July 13, 2023 Adedapo Adesanya By Adedapo Adesanya Oil settled higher on Wednesday, with benchmark Brent futures reaching $80 a barrel for the first time since May after inflation Read More
Economy Brent Nears $80 Per Barrel on Weakening US Dollar July 12, 2023 Adedapo Adesanya By Adedapo Adesanya The price of the international crude oil benchmark, Brent Crude, jumped on Tuesday by 2.2 per cent or $1.71 to $79.40 Read More
World Global Prices of Sugar, Oils, Cereals, Dairy Drop in June 2023 July 11, 2023 Adedapo Adesanya By Adedapo Adesanya The prices of food globally saw yet another drop in the month of June, according to the recent data released by Read More
Economy Oil Market Jumps Amid Supply Concerns July 8, 2023 Adedapo Adesanya By Adedapo Adesanya The crude oil market climbed about 3 per cent to close Friday’s trading session on a high note as supply concerns Read More
Economy Oil Stable Amid Tighter Supply, Rate Hike Worries July 7, 2023 Adedapo Adesanya By Adedapo Adesanya Oil was almost flat on Thursday as the market weighed tighter US crude supplies with the higher likelihood of an interest Read More
Economy Brent Trades $76, WTI Nears $72 Amid Supply Cuts July 6, 2023 Adedapo Adesanya By Adedapo Adesanya Brent crude jumped by 40 cents or 0.5 per cent to $76.65 per barrel on Wednesday, and the US West Texas 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 Oil Market Slumps on England’s Rate Hike, Fuel Demand Worries June 23, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market fell about 4 per cent on Thursday as a bigger-than-expected Bank of England rate hike prompted worries about 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