With the recent downward movement in oil prices resulting in a decline in the nation’s external reserves and triggering concerns over naira stability, the Central Bank of Nigeria (CBN) auctioned a total of N299billion worth of Treasury Bills between August 7 and 15, to lure foreign inflows...
Oil prices jumped as much as 4 per cent on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes.....
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Oil prices have once again continued bullish run by spiking to a six-month high.
Specifically, Brent crude futures jumped more than 3 percent to $74.36 per barrel in the early hours of today, hitting the highest level since November 1st, 2018. Also, West Texas Intermediate crude futures rose...
Oil held gains near the highest since late October as an escalation of geopolitical conflicts in Libya and Iran belied technical indicators suggesting the rally is overdone.
Futures were steady in New York, after gaining 3.7 percent...
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TOKYO, April 1 (Reuters) - Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy...
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Oil prices were mixed on Friday after falling in the previous session as US President Donald Trump ...
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Contrary to the lamentations of some stakeholders that the drop in oil prices was a major setback to the oil and gas industry, the Managing Director and Chief Executive Officer (CEO) of Energia Limited, Mr. Felix Amieye-Ofori, has a different view of such a development. …
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Crude oil prices rose more than 3 per cent on Monday, hitting 30 months high, just as President Muhammadu Buhari is set to present 2018 budget estimates to the National Assembly with a proposal of $45 per barrel of oil next year.
The sharp rise in oil price came as Saudi Arabia’s crown prince...
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