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Business Crude Oil Price Hits $61, Favours Nigeria's 2018 Budget
Oil prices were up early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged. Brent crude futures, the international benchmark for oil prices, were at 60.84 dollars per barrel at 0027 GMT. Brent...- ProfRem
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Business Crude Oil Prices At $52 Per Barrel, Above Buhari's 2017 Budget Benchmark
Crude Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging supply cuts until the end of March 2018 in an effort to drain a global glut. Brent crude oil, which Nigeria trade on, was up 20 cents at $52.02 a barrel by 1010 GMT (6.10 a.m...- ProfRem
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Business Oil Prices Rise As OPEC Sticks To Output Pledges
Oil reversed earlier losses on Wednesday as investors took heart from strict OPEC compliance with its pledge to cut output. The Organisation of the Petroleum Exporting Countries reduced its oil output for a second month in February, a media survey found, showing the exporter group has boosted...- ProfRem
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Business Crude Oil Prices Regain Strength
World oil prices gained strength Friday from six straight sessions of losses, as investors eyed rising global equities and increasing risk appetite on receding Brexit concerns, dealers said. At about 1100 GMT, Brent North Sea crude for delivery in August was up 99 cents at $48.18 a barrel. US...- ProfRem
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Business Crude Oil Prices Drop Ahead Of OPEC Meeting
Oil prices dropped to $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting. Canadian production was set to restart after huge wildfires. But while attention now turned to a meeting of the Organisation of the Petroleum Exporting Countries (OPEC), in Vienna...- ProfRem
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