The price of oil ended a four-day losing streak by rising 1 percent on Friday, but fell for the week on concerns that strong US economic data would keep interest rates high. 

Crude oil has traded lower as a result of easing supply concerns, with Brent falling by 17 cents to close at $83.16 per barrel, and the US West Texas Intermediate (WTI) crude depreciating by 10 cents to finish at $78.38 a barrel on Tuesday.  

OPEC: Oil Output Reaches 6 Month Low, Nigeria's Revenue At Risk The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) states that Nigeria’s oil revenue is under threat after crude oil production plummeted to 1.32 million barrels per day (mbpd) in February. This...

OPEC: Oil Output Reaches 6 Month Low, Nigeria's Revenue At Risk The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) states that Nigeria’s oil revenue is under threat after crude oil production plummeted to 1.32 million barrels per day (mbpd) in February. This...

OPEC Considers 1mbpd Cut as Oil Drops to $88/barrel  The Organisation of Petroleum Exporting Countries (OPEC) and its allies, at their October 5, 2022 meeting, says they are considering cutting oil output by over a million barrels per day. Regarding this, Brent crude rose on Monday...