brent crude oil price

Oil prices slipped yesterday as concerns mounts that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. International Brent crude oil futures were down 21 cents, or 0.3 per cent, at $72.96 a barrel, while the U.S. West Texas Intermediate...

Crude oil prices rose more than 3 per cent on Monday, hitting 30 months high, just as President Muhammadu Buhari is set to present 2018 budget estimates to the National Assembly with a proposal of $45 per barrel of oil next year. The sharp rise in oil price came as Saudi Arabia’s crown prince...

Oil prices were up early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. Brent crude futures, the international benchmark for oil prices, were at 60.84 dollars per barrel at 0027 GMT. Brent...

Oil prices rose on Monday, supported by reports that an OPEC-led supply cut may not only be extended into next year but might also be deepened to tighten the market and prop up prices. Brent crude futures were up 32 cents, or 0.6 percent, from their last close at $53.93 per barrel at 0145 GMT...

Crude Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut. Brent crude oil, which Nigeria trade on, was up 20 cents at $52.02 a barrel by 1010 GMT (6.10 a.m...

Nigeria and other oil producers may be in for good times as oil prices rose more than 3 per cent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far in 2017. The development came after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply...

Oil price surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, with prices later dropping back as there seemed no immediate threat to supplies. After tepid trading before the attack, Brent crude futures LCOc1...

Oil steadied close to $57 per barrel on Monday as rising tensions between the United States, Iran and Organisation of Petroleum Exporting Countries, OPEC, supply cuts were countered by ample inventories and signs that higher prices will revive U.S. output. U.S. energy companies added oil rigs...

Global crude oil price is favouring President Muhammadu Buhari's 2017 appropriation estimates. President Buhari, last Wednesday presented the 2017 appropriation bill to a joint session of the National Assembly with 42.5 dollar per barrel. The budget proposal is 7.298trillion which represents a...

Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next month, easing a stubborn global supply glut. Recall that President Muhammadu Buhari pegged crude oil price in the 2016 budget at $39 per barrel. At around 0620...

Global crude prices edged up in Asia on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh attacks on the country’s oil infrastructure. Oil prices last week plunged aftermath of Britain’s shock decision to leave the European Union but rallying...