Tag
BRENT CRUDE
Naira gained against the US Dollar on Thursday to close at N409/$1, representing a 0.52% gain compared to N411.13/$1 previously recorded
Naira gained marginally against the US Dollar on Wednesday after enduring three days of decline to close at N411.13/$1
Brent crude futures surged by 0.74% to $68.50 a barrel falling below the $70 mark after jumping past it on Monday.
For the week, Brent crude gained 5.2%, rising for the 7th week in a row for the first time since December,
Brent Crude was up more than 4% trading around $67 a barrel.
The British-based oil contract, Brent crude surged by 0.46%, to trade at $62.99 a barrel, up from four days of losses.
Oil traders are becoming wary that OPEC+ will increase oil output and further distort the energy demand/supply dynamics.
Oil prices rose for a fourth straight month, despite its heavy plunge at the last trading session of the month.
Naira appreciated marginally against the US Dollar on Thursday as dollar supply decreased by 79.3%.
Naira lost 20 kobo against the US Dollar on Wednesday to close at N408.8/$1 at the NAFEX window, while oil price hit $67 per barrel
UPDCREIT (+9.35%) led the gainer’s chart today, while AFRIPRUD (-9.59%) was the top loser.
Brent oil futures rallied by 1.20% to trade at $65.11 a barrel, the highest since January 20, 2020.