Tag
OIL
Brent oil crude futures gained 0.40% to trade at $54.95 while WTI futures were dropped 0.23% to trade at $52.30 a barrel.
Brent crude futures dropped about 1%, to $54.65 a barrel, after losing 2.3% on Friday.
Oil prices are under pressure, and recent customs data reveal that crude imports into China were up 7.3% in 2020.
Oil traders are now weighing the ever-rising number of COVID-19 cases and the impact on global energy demand.
Crude Oil prices dropped deeper at the second trading session of the week, following a new strain of COVID-19 virus.
Brent crude plunged by over 4.75% to trade at $49.85 a barrel after rising 1.5% to its highest since March on Friday.
Crude oil prices were fired up for the seventh straight week leading to the longest winning streak since April 2019
Brent crude futures gained 0.92% to $51.55/barrel and West Texas Intermediate futures soared by 1% to trade at $48.30.
For the month of November, Brent gained 28%, its best month since a 95% jump in May from April’s lows.
Brent oil futures gained 2.71% to $40.53 and West Texas Intermediate futures soared higher by 2.91% to trade $38.22.
Six decades after the discovery of oil, can Nigeria continue to depend on the black gold as its mainstay?
It is evident that the world can no longer rely on Oil for the sake of the world's health.