crude oil price news

https://www.newtelegraphng.com/oil-price-hits-two-year-high-at-70-20-barrel/

Brent crude futures fell below $60 on Friday, posing a threat to Nigeria’s 2020 budget, which put oil benchmark at $60 per barrel, as the spread of the coronavirus in China continues to affect demand due to restrictions placed on travel. The bearish performance for the … Read more via...

Global crude oil prices jumped by 4% on Friday, January 3rd, 2019, following the killing of an Iranian commander and one of the most powerful military leaders, Qassem Soleimani during the U.S airstrikes.... Read more via Pulse Nigeria – Nigeria – https://ift.tt/39DN6k6 Get more: Nigeria...

Oil prices rose more than 1% on Monday, lifted by growing concern over supply disruptions in the Middle East even as a standoff in the Sino-U.S. trade talks prompted investors to fret about the global economic outlook. Brent crude futures rose 83 cents to $71.45 a barrel, a 1.2 … Read more...

Crude oil prices rallied to $70.43 last week Friday, ending the week bullish for the first time since November 2018. This means Brent closed last week 2.9% higher. Meanwhile, oil prices maintained its bullish run yesterday, as it closed at $70.76 a barrel. Brent oil prices rose, as … Read...

AS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as … Read more via www.nairaland.com – https://ift.tt/2TmYCeo...

Crude oil rose for a fifth day yesterday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that the Organisation of Petroleum Exporting Countries’ (OPEC) supply cuts will prevent a build-up in unused fuel, though concern … Read more via...

Hope for the implementation of the 2019 budget was rekindled yesterday as crude oil price climbed around three per cent to rebound to $60 per barrel. This followed the extension of talks between the United States and China in Beijing, which raised hopes that the world’s two largest economies …...

Oil prices climbed yesterday as hope rises that U.S.-Chinese talks in Beijing would bring a halt to trade disputes between the world’s biggest economies, while also the Organization of Petroleum Exporting Countries (OPEC) -led supply cuts further tightens markets. International Brent crude...

Revenue projections in Nigeria’s 2018 budget proposal is already falling apart as Brent Crude oil price continuous to drop. Brent crude was trading at US$53.01 on Wednesday evening after initially dropping below the US$50 mark earlier in the day, sending panic through the oil market. … Read...

THE price of crude oil has crashed from $57.00 to $53.82 in the international market as the Organisation of Petroleum Exporting Countries, OPEC and others struggle to achieve stability. Oil A survey of the … Read more via Vanguard News Nigeria – http://bit.ly/2EGOfus Get more: Nigeria...

The Minister of State for Petroleum, Emmanuel Ibe Kachikwu, has expressed concern over the fall in oil prices as it poses danger to the country’s economy.He raised the concern … Read more via The Guardian Nigeria Newspaper – Nigeria and World News – https://ift.tt/2rcR0vk Get more: Nigeria...

As crude oil price rose by one per cent to $63 per barrel Wednesday after slumping six per cent on the previous day, the United States President, Donald Trump, has praised Saudi Arabia for helping to lower oil prices as pressure intensified to impose … Read more via Thisdaylive –...

Oil prices rose on Tuesday on signs Iranian oil exports this month have fallen from September ahead of US sanctions against Tehran that are set to start in November..... Read more via TODAY.NG – https://ift.tt/2Exf9Gq Get more: Nigeria Business News

Brent crude oil prices dropped by more than one per cent yesterday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran. International benchmark Brent crude oil futures were...

The upswing in crude oil prices in the global market may have triggered sharp rise in pirates’ attacks on crude oil tankers in the Gulf of Guinea. As at yesterday, Bonny light was $73, Brent crude was $72.50. This … Read more via The Guardian Nigeria Newspaper – Nigeria and World News –...

Oil prices have been projected to hit $120 by the end of this year as they are expected to amass some 40 per cent increase from its recent levels. This is despite the crude losing more than 8 per cent of its prices this … Read more via Thisdaylive – https://ift.tt/2OqMAeU Get more: Nigeria...

Barely a few days after crude oil price surged towards $80 per barrel, following the shut down of one oilfield in Norway and Libya reduced production by more than a half, the price slipped on Monday to $73 per barrel as Libyan … Read more via Thisdaylive Newspaper – https://ift.tt/2uNbUD1...

The International Monetary Fund (IMF) has stated that despite the relief higher oil prices and short-term portfolio inflows have provided to … Read more via Thisdaylive – https://ift.tt/2uBqSvM Get more: Nigeria Business News

Oil prices suffered steep falls on Wednesday after Libya said it would boost supply, even as investors fear that trade tensions will hit demand. Brent crude dropped 6.9% – the biggest decline in more than two years – to end at $73.40 a barrel … Read more via BBC News –...