west texas intermediate
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Business Crude Oil Price Gears Towards $60 Per Barrel
OPEC's proposed deal to cut production has "put a floor" under the oil price at around $50 a barrel, Reuters reports International benchmark Brent crude dropped to a little above $52 from nearly two per cent gain of $52.67 last night. West Texas Intermediate, hit a year-high of close to $52 at...- ProfRem
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Business Crude Oil Prices Fall Below $50 Per Barrel
Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut. Iranian Oil Minister Bijan Zanganeh on Friday said his country wanted its pre-sanctions share of the crude market. His comments followed a warning by...- ProfRem
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Business Crude Oil Extends Gains, Rise Above $44
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...- ProfRem
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