Tag
WTI
The United States benchmark, the West Texas Intermediate (WTI), has appreciated for the ninth consecutive week, extending its...
The U.S benchmark, the West Texas Intermediate (WTI), has broken through the $80 resistance zone, to currently stand...
The U.S. oil benchmark, the West Texas Intermediate (WTI) is on the verge of breaking through the $80...
Naira depreciated against the US dollar on Tuesday to close at N411.75 to a dollar, a 0.06% decline compared to N411.5/$1 recorded on Monday.
British based contract ticked up by 0.3% to trade at $63.59 a barrel while the WTI futures edged near $60 a barrel.
Naira gained against the US Dollar on Thursday to close at N409.65/$1 while dollar supply surges by 690.6%.
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.
Brent oil futures lost about 0.2% to trade around $61 a barrel
Brent crude futures rose by 0.3%, to $57.62 a barrel, in a fourth straight day of gains after hitting $58.05 on Tuesday.
Brent crude was down by 0.24% to trade at $55.12 barrel, and WTI futures inched down by 0.10% to $52.22 a barrel.
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.