Oil Price Increases As OPEC Projects Slow Growth In 2022   The price of Brent, the crude against which Nigeria’s oil is priced, increased marginally on Monday as the Organisation of Petroleum Exporting Countries projected a slow growth momentum in terms of economic recovery this year. Also,...

Amid Supply Constraints, Crude Oil Hits $77           The price of the international crude oil benchmark, Brent, rose on Thursday amid supply constraints and a drop in United States oil reserves. As of 9:16pm Nigerian time on Thursday, Brent traded at $77.19 after it rose by 1.13...

'High Crude Oil Prices To Linger'           The Bank of America has stated that the price of the international crude oil benchmark, Brent, could hit $100 over the next six months if the winter in western countries is colder than usual. Brent traded at $75.71 per barrel...

After Days Of Losses, Oil Price Jumps To $68       The international oil benchmark, Brent crude, jumped on Monday, snapping a seven-day losing streak that was crude’s worst since 2019, as the dollar pulled back and traders bet the recent selling was overdone. Brent, against which Nigeria’s...

Crude Oil Price Drops to $74.18     Brent, the oil against which Nigeria’s crude is priced, dropped marginally on Tuesday, shedding 32 cents to close at $74.18 per barrel as of 4pm Nigerian time. Industry figures showed that the commodity dipped in price by 0.43 per cent...

After Hitting Low Record , Oil Price Rises To $72       Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due...