Stocks Rise To 8-week High As Oil Prices Gain 1.5 %     Nigerian stocks climbed eight-week high on Wednesday, lifted by gains in shares of energy companies after global oil prices rallied. Recovering from a two consecutive days of losses this week, the main share index rose...

Oil Rises Above $45, OPEC+ Cut Compliance Plunges     The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic...

‘Oil Prices May Break $50 In 2021’     Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS Markit’s price forecast released at the weekend has shown. The report showed that it was raised by $7 a...

Oil Price Nears $46, Highest In Five Months   The international oil benchmark, Brent crude, rose on Wednesday to its highest since early March after a large decline in the United States’ crude inventories and supported by a weak dollar. Brent, which plunged to as low as...

IMF Lowers 2020 Oil Demand By 8% Amid High Uncertainties     The coronavirus crisis will see global oil demand dropping by around eight percent this year, compared to last year, the International Monetary Fund (IMF), has said in a new report. This year, oil prices will be...

Oil Drops To $43 As US Crude Inventories Rise     Oil prices fell on Wednesday as the United States government data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China. The international oil benchmark, Brent crude, fell 55...