Tag
CRUDE OIL PRICES
Based on figures obtained from the Central Bank of Nigeria’s (CBN) data on the movement of external reserves, the country’s external reserves fell by US$2.96bn in H1 2023.
Friday's strong labour data raised fears of higher U.S. interest rates, but oil prices remain range-bound and could rise for a second straight week on signs of tight supply and rising demand. expensive.
Crude oil prices fell significantly on Tuesday despite robust strong US economic data as well as improved employment...
The commodity markets report from the World Bank is published twice a year - first in April and later October
Slow growth in the Chinese economy has added to the series of bearish factors affecting the oil market
Some of the officials across the US government’s economic and foreign policy teams have also been involved in reaching out to OPEC governments as part of the latest effort to stave off a production cut
Oil prices are bullish in the London trading session today, for a second day with the global benchmark, the Brent oil futures pushing over $100 per barrel.
Crude oil prices could crash to $65 per barrel by the end of 2022 and further slump to $45 per barrel by the end of 2023...
The CBN has indicated that the recent increase in oil prices does not equate to higher revenue nor does it improve the external reserves of the Nigerian economy.
Oil has seen a jump in prices due to fears that there may be an energy supply gap as a result of sanctions on Russia.
We could see more upside if crude continues to rally in the near term on the back of increasing demand and supply shocks.
Thursday, 25th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at...