Tag
CRUDE OIL
Crude oil prices were fired up for the seventh straight week leading to the longest winning streak since April 2019
Oil prices are presently cooling off on the bias of the $900 billion economic stimulus package lingering at the U.S Congress
Brent crude futures gained 0.92% to $51.55/barrel and West Texas Intermediate futures soared by 1% to trade at $48.30.
Brent Crude traded ay $50.16/Barrel showing a gain of over 2%, while the WTI futures traded at $46.87/Barrel.
Crude oil prices gained significantly following reports of the U.K.’s rollout of a COVID-19 vaccine.
Nigeria's total foreign trade rose by 34.15% in Q3 2020 to stand at N8.4 trillion compared to N6.24 trillion recorded in the previous quarter (Q2 2020).
Godwin Emefiele, the CBN Governor has reiterated the reason why Nigeria must cease dependence on crude oil earnings.
Brent oil futures gained 0.51% to trade at $48.86/barrel and the West Texas Intermediate futures ticked up by 0.46% to trade at $45.92/barrel.
Crude oil prices hit their highest price levels since March at the second trading session of the week.
Crude oil prices recorded impressive gains amid high hopes that leading oil producers will suspend plans on increasing oil supply.
Crude oil prices dropped more than 5% and falling below the key $40 per barrel support, at the American trading session mid-week
The market is feeling pressure amid rising COVID-19 cases in the United States and Europe, and also due to Libyan oil production.