Crude Drops to $103 as Middle East Tensions Ease   Oil prices fell by about two per cent on Thursday to their lowest level in one week as concerns over disruptions to crude supplies from the Middle East eased. Brent crude futures declined by $2.67, or 2.5...

NGX Sheds N648bn Amid Renewed Profit-Taking On Equities   The Nigerian stock market reversed Tuesday’s gains on Wednesday as renewed profit-taking across major counters triggered a broad-based sell-off, wiping out approximately N648bn from investors’ wealth. Widespread profit-taking outweighed targeted buying interest in selected counters, leaving market breadth...

Iran Tensions, Supply Fears Push Oil Prices Above $90   Global oil prices climbed above $90 per barrel on Wednesday as renewed military tensions in the Middle East heightened concerns over crude supplies, extending a sharp rally after three consecutive sessions of decline. According to Oilprice.com, Brent...

Red Sea Tensions Push Crude Prices Above $100   Global oil prices climbed above $100 per barrel on Thursday for the first time in nearly two months after escalating attacks on commercial shipping in the Red Sea heightened fears of prolonged supply disruptions across key global...

Oil Surges Past $80 as Trump Rekindles Iran Tensions   Oil prices surged to $80 per barrel after the United States President, Donald Trump, declared that the interim ceasefire agreement with Iran was officially over. According to data from oilprice.com, Brent crude rose from $72 to $74...

Oil Prices Ease as Shipping Resumes in Hormuz Strait   While the United States and Iran have yet to agree on terms to reopen the strategic Strait of Hormuz, about 30 Chinese ships reportedly transited the waterway on Wednesday. The semi-official Fars news agency in Iran reported...