Oil prices traded within striking distance of its seven-year high at $86.71 per barrel on Monday on continuing supply constraints and waning fears among heavy… Read More »Oil Soars to Seven-Year High, Surges Near $87
Oil prices continued their surge on Wednesday, hitting a two-month high amid projections that lack of production capacity and limited investment in the sector could… Read More »Nigeria to Pay More for Petrol Subsidy as Oil Hits $85
Oil prices steadied on Tuesday after a sharp fall in the previous session as investors worried about the rapid spread of the Omicron coronavirus variant… Read More »Oil Prices Steady as Omicron Worries Linger
The United States Government on Saturday said that it had “tools” to deal with high oil prices after the Organisation of Petroleum Exporting Countries (OPEC) and… Read More »US May Counter OPEC’s Refusal to Raise Oil Supply
Oil prices rose more than $2 on Monday with Brent Crude rising by $2.17 to $84.56 a barrel and US West Texas Intermediate (WTI) rising… Read More »Oil price jumps to $84.56
Oil prices on Friday rose amid hopes that an ongoing economic recovery in the United States will have a positive impact on oil demand. The… Read More »Oil prices rise on demand optimism
Oil prices fell sharply on Monday amid concerns that surging COVID-19 cases in India and Japan, the world’s third and fourth-biggest crude oil importers respectively,… Read More »Oil Prices Fall As India’s COVID-19 Crisis Dents Demand Outlook
Oil prices fell over one per cent on Thursday amid persistent demand worries as Europe faces a surge of Coronavirus infections and a slow vaccination… Read More »Oil Prices Fall On Demand Worries
Oil prices rose more than one per cent, on Wednesday, as investors sought bargains following the previous day’s slump. But the recovery was stunted by… Read More »Oil Bounces Back But Recovery Stunted By European Lockdowns, U.S. Stock Build
Oil prices fell more than 3% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a… Read More »Oil Prices Fall By 3%
Oil prices fell on Friday, extending losses from a big sell-off the previous day as a new wave of coronavirus infections across Europe triggered fresh… Read More »Oil Drops To $62.22
Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in U.S. crude and fuel… Read More »Oil Prices Drop As US Inventories Rise
Potential investors in the Nigerian economy have been advised against holding assets in the country despite rising oil prices. Nigeria which is the major oil-producing… Read More »Investors Skeptical As Fuel Subsidies Creep Back Into Nigeria Economy
As the Organisation of the Petroleum Exporting Countries (OPEC) continued their decision to curb production, oil prices rose on Wednesday. Reuters reports that Brent crude… Read More »OPEC Production Restraints Strengthen Oil Prices
Oil prices were flat to slightly lower on Tuesday as investors shifted focus to the upcoming talks between the Organisation of the Petroleum Exporting Countries… Read More »Oil Holds Steady Ahead Of OPEC+ Meeting
Oil prices rose on Monday as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as… Read More »Oil Gains As US Production Slowly Returns After Freeze
Oil prices erased early gains after Brent hit a new 13-month high above $65 a barrel on Thursday, as concerns that a rare cold snap… Read More »Oil Hits $65.52 On Texas Freeze
The Nigerian currency has remained stable in the foreign exchange market and held its own against the US dollars even as oil prices crescendo around… Read More »Naira Remains Stable As Oil Prices Soar