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oil prices

  • In the News

    Oil Prices Drop $1 After US Jobs Data Revision Sparks Economic Concerns

    by Victor Adetimilehin August 22, 2024
    by Victor Adetimilehin August 22, 2024

    Oil prices fell $1 per barrel following a significant revision of U.S. jobs data, sparking fears of economic slowdown and adding to global market uncertainty.

  • In the News

    Oil Prices Drop 2% Amid China Demand Fears and Market Volatility

    by Victor Adetimilehin August 17, 2024
    by Victor Adetimilehin August 17, 2024

    Oil prices dropped nearly 2% amid concerns over weakening demand from China and ongoing tensions in the Middle East, capping a volatile week in global oil markets.

  • In the News

    Oil Prices on Track for 3% Weekly Gain Amid Mideast Tensions

    by Victor Adetimilehin August 9, 2024
    by Victor Adetimilehin August 9, 2024

    Oil prices are on track for a 3% weekly gain, driven by escalating Middle East tensions and positive U.S. economic data. The market remains volatile amid ongoing geopolitical risks.

  • 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.

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