Oil Hits $71 On Rising Demand Hopes In US, China
Oil prices were higher on Wednesday as negotiations over the Joint Comprehensive Plan of Action continued to falter, and as a rebound in oil demand in China, the United States and Europe threatened to outpace...
Oil Price Rises Above $70, OPEC Projects Demand Growth
The international oil price, Brent crude, rose above the $70 per barrel mark on Tuesday, with the Organization of the Petroleum Exporting Countries projecting that demand for the commodity is bound to improve.
Brent, against which Nigeria’s...
Fear Of Federation Account Depletion Raises As Crude Nears $70
The international oil benchmark, Brent Crude, was less than 30 cents from hitting $70 amid market optimism on the United States and Europe reopening.
The benchmark had gained $0.83, to trade at $69.71 as of 2:44...
Oil Hits Six-week High $68.47 As Dollar Weakens
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases...
Oil Drops To $62 As COVID-19 Dims Demand Outlook
The international oil benchmark, Brent crude, fell the most in nearly two weeks on Monday as growing delays in Europe’s reopening and looming Iranian supply dampened hopes for a swift decline in global inventories.
Brent, against which...
Oil Rally Pushes Nigeria’s Revenue Above Budget Estimate
The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue above the estimate in the 2021 budget.
Brent, against which the country’s crude oil is priced, has been trading more than...
