Oil Prices Rebound, Now $107.91/Barrel   Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from Russia and Libya drove a recovery from the previous session’s sharp losses. Brent crude LCOc1 futures rose 65 cents, or 0.6%, to $107.90...

Oil Prices Drop Below $100 A Barrel Amid Lockdowns In China   Oil prices, on Monday, plunged 4 per cent amid concerns that the pandemic will cut demand in China. Brent crude futures fell 4 5 per cent to $98.16 a barrel by 19:53 GMT +1, while...

Oil Prices Surge Amid Russia-Ukraine Tensions   Oil rose to its highest since 2014 yesterday after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices towards $100 a barrel. Brent crude, the global benchmark, was up $1.93, or...

Economic Recovery’ll Continue On Rising Oil Prices - Bismarck Rewane   The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has said Nigeria’s economy is expected to rebound as oil prices are likely to remain higher. Rewane spoke during Stanbic IBTC Holdings...

Oil Price Soars To Seven-year High   Oil prices traded within striking distance of its seven-year high at $86.71 per barrel yesterday on continuing supply constraints and waning fears among heavy fuel users of another pandemic-induced slowdown. In the last two weeks, Brent, Nigeria’s benchmark, has climbed...

Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – W/Bank   The World Bank has projected a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023. This 2022 forecast is a slight upward review from the estimated 2.4 per...