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oil prices

  • 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

  • In the News

    Oil Prices Rise as Crude and Gasoline Inventories Fall

    by Motoni Olodun July 11, 2024
    by Motoni Olodun July 11, 2024

    Oil prices rose on Thursday due to a significant drop in U.S. crude and gasoline inventories, indicating robust demand and a tighter supply environment.

  • In the News

    Oil Prices Rebound as U.S. Stockpiles Drop and Rate Cut Prospects Brighten

    by Motoni Olodun July 10, 2024
    by Motoni Olodun July 10, 2024

    Oil prices rebound with U.S. crude stockpiles dropping and interest rate cut prospects improving, signaling potential economic growth and increased demand for oil.

  • In the News

    Oil Prices Steady as Investors Monitor Storm Beryl in Texas

    by Motoni Olodun July 8, 2024
    by Motoni Olodun July 8, 2024

    Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.

  • In the News

    Oil Prices Dip on Mideast Ceasefire Talks, Hurricane Beryl Update

    by Victor Adetimilehin July 7, 2024
    by Victor Adetimilehin July 7, 2024

    Oil prices dipped on Friday as progress in ceasefire talks between Israel and Gaza outweighed concerns about potential supply disruptions. Strong summer demand and the path of Hurricane Beryl are …

  • In the News

    Oil Prices Rebound After Hurricane Beryl Threat Subsides

    by Victor Adetimilehin July 3, 2024
    by Victor Adetimilehin July 3, 2024

    Oil prices rebound after initial fears of Hurricane Beryl disrupting oil production in the Gulf of Mexico subsided. Updated forecasts show the storm will spare key oil fields. However, analysts …

  • In the News

    Trading Activity Lifts Brent Oil Benchmark

    by Victor Adetimilehin June 30, 2024
    by Victor Adetimilehin June 30, 2024

    Trading giants Trafigura and Gunvor have been on a buying spree in the Brent crude oil market, driving prices to their highest level since the benchmark’s methodology changed in 2023. …

  • In the News

    Oil Prices Rise on Geopolitical Tensions Despite Rising U.S. Inventories

    by Victor Adetimilehin June 28, 2024
    by Victor Adetimilehin June 28, 2024

    Oil prices defied expectations on Thursday, climbing due to worries about potential disruptions to global crude supply caused by geopolitical tensions in the Middle East and Europe, even though U.S. …

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