Tag
CRUDE OIL
America's JPMorgan Chase has given valuable insights on why it believes the odds are with Bitcoin.
Growing concern that oil supply could fall by 3% continues as a result of increasing cases of COVID-19 in the US and Europe.
Both oil contracts suffered heavy losses as reports from U.S oil rig count gained up to 211 from last week’s level of 205.
Energy price remain well below pre-pandemic levels and is expected to stabilise below pre-pandemic levels in 2021.
Nigeria recorded a whopping 52% drop in exports proceeds in the quarter ending June 2020 mostly due to the effects of Covid-19.
Fifty-three (53) equities appreciated at price during the week, higher than thirty-six (36) equities in the previous week.
The commodity market performed relatively well in Q3 2020.
Brent crude was down 48 cents, or 1.17%, after falling more than 3% on Thursday.
Oil benchmarks fell around 4% on Monday following rising concerns of increased coronavirus cases.
Oil traders are panicky over the potential hit on oil prices following higher output in Libya.
To truly diversify from oil and create proper value, agriculture must give birth to an industry.
Despite renewed optimism, several factors tend to continue pushing oil prices downwards.