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
Economy Crude Oil Dips on Continued Chinese Uncertainties June 21, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil futures eased on Tuesday following disappointment with China, the world’s second-biggest oil consumer, after the size of cuts in Read More
Economy Oil Rises on Strong China Demand, Supply Cuts June 17, 2023 Adedapo Adesanya By Adedapo Adesanya Oil rose on Friday and posted a weekly gain as higher Chinese demand and supply cuts from the Organisation of the Read More
Economy Oil Surges as China Announces Lending Rate Cut June 14, 2023 Adedapo Adesanya By Adedapo Adesanya Oil climbed by over 3 per cent on Tuesday after China’s central bank lowered a short-term lending rate for the first Read More
Economy Oil Prices Dip on Demand Fears, Fed Meeting Concerns June 13, 2023 Adedapo Adesanya By Adedapo Adesanya Oil prices fell on Monday amid concerns about demand growth ahead of key inflation data and a Federal Reserve meeting in Read More
Economy Oil Drops on Poor Chinese Demand Data June 10, 2023 Adedapo Adesanya By Adedapo Adesanya Oil fell more than $1 on Friday to record a second straight weekly decline as disappointing Chinese data added to doubts Read More
Economy Crude Oil Prices Dip as Officials Deny US-Iran Nuclear Deal June 9, 2023 Adedapo Adesanya By Adedapo Adesanya Crude oil prices settled lower on Thursday but rebounded from earlier losses after the US and Iran both denied a report Read More
Economy Oil Moves Up on Saudi Deep Output Cut, Inventories Drop June 8, 2023 Adedapo Adesanya By Adedapo Adesanya The oil market climbed about 1 per cent on Wednesday on Saudi Arabia’s plans for a deep output cut and a Read More