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oil prices

  • In the News

    Oil Prices Surge on Middle East Tensions and U.S. Stockpile Drop

    by Victor Adetimilehin August 1, 2024
    by Victor Adetimilehin August 1, 2024

    Oil prices surged nearly 3% due to escalating Middle East tensions and a significant drop in U.S. crude stockpiles, highlighting the volatile nature of global energy markets.

  • In the News

    Oil Prices Stabilize After Golan Heights Attack

    by Ikeoluwa Juliana Ogungbangbe July 29, 2024
    by Ikeoluwa Juliana Ogungbangbe July 29, 2024

    Oil prices stabilize following a Golan Heights attack, balancing Middle East tensions with demand concerns.

  • In the News

    Oil Prices Rise Amid Middle East Tensions

    by Motoni Olodun July 29, 2024
    by Motoni Olodun July 29, 2024

    Oil prices rise due to escalating Middle East tensions, with concerns over supply disruptions driving Brent crude above $85 per barrel. Analysts watch closely for further developments.

  • In the News

    Oil Prices Drop 1.5% Amid China Demand Concerns

    by Victor Adetimilehin July 29, 2024
    by Victor Adetimilehin July 29, 2024

    Oil prices dropped 1.5% due to declining Chinese demand and potential easing of Middle East tensions, with Brent and WTI crude ending the week lower.

  • In the News

    Oil Prices Inch Up Amid Strong US GDP Data and Asia’s Economic Concerns

    by Motoni Olodun July 26, 2024
    by Motoni Olodun July 26, 2024

    Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.

  • In the News

    BPCL Anticipates Further Cuts in Oil Prices Amid Dropping Margins

    by Victor Adetimilehin July 22, 2024
    by Victor Adetimilehin July 22, 2024

    BPCL anticipates further reductions in oil prices from Middle Eastern producers due to dropping fuel margins, while also increasing imports of discounted Russian crude.

  • In the News

    Oil Prices Surge as Investors Eye Potential US Rate Cuts

    by Motoni Olodun July 22, 2024
    by Motoni Olodun July 22, 2024

    Oil prices surge as investors anticipate potential US interest rate cuts, sparking optimism about economic growth and increased demand for oil.

  • In the News

    Oil Prices Fall as Dollar Strengthens After Trump Attack

    by Motoni Olodun July 15, 2024
    by Motoni Olodun July 15, 2024

    :** Oil prices fall as the dollar strengthens following critical remarks from former President Trump, reflecting market reactions to geopolitical uncertainties.

  • In the News

    Oil Prices Dip as US Consumer Sentiment Falls

    by Victor Adetimilehin July 15, 2024
    by Victor Adetimilehin July 15, 2024

    Oil prices dip as weaker U.S. consumer sentiment and economic data weigh on the market, despite hopes for a Fed rate cut boosting optimism.

  • In the News

    Oil Prices Slip as Investor Sentiment Turns Sour

    by Victor Adetimilehin July 14, 2024
    by Victor Adetimilehin July 14, 2024

    Oil prices retreated on Friday as a cocktail of economic indicators soured investor appetite. A decline in consumer confidence coupled with rising inflation pressures cast a pall over the market

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