Friday, April 19, 2024
MARKET UPDATE
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Tag "WTI"

Oil price falls for sixth consecutive day amid spike in fresh COVID-19 cases

    Oil price falls for sixth consecutive day amid spike in fresh COVID-19 cases

Crude oil prices have dropped for the sixth consecutive day — longest losing streak since February 2020 — amid spike in fresh COVID-19 cases globally. Brent, the global oil benchmark,

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Oil prices hit highest levels in years on improved demand

    Oil prices hit highest levels in years on improved demand

Oil prices continued an upward trend on Wednesday as confidence in the outlook continues to grow on the back of strong fuel demand in western economies. Brent crude futures were

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Oil prices rise as Putin expresses cooperation with Saudi Arabia

    Oil prices rise as Putin expresses cooperation with Saudi Arabia

Oil prices have witnessed a slight rebound after dropping below $50 a barrel–the first time it has reached that level since October 2017.  

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Financial markets seeking inspiration

    Financial markets seeking inspiration

An eerie calm shrouded the financial markets last week, with global stocks floating near record highs as investors maintained a cautious trading stance. The rising anxiety over ongoing geopolitical tensions

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Oil jumps to $52 as Saudi, Russia agree to extend deal till 2018

  Oil jumps to $52 as Saudi, Russia agree to extend deal till 2018

Oil prices began the week on a positive note, as Saudi Arabia and Russia, the world’s largest producers, agreed to

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Sterling and oil’s rebound in focus

  Sterling and oil’s rebound in focus

The explosive Trump fueled market rally displayed signs of exhaustion on Tuesday with global stocks trading in a modest range

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Wall Street, Nigerian Stock Exchange ‘relatively immune’ to Trump’s victory

  Wall Street, Nigerian Stock Exchange ‘relatively immune’ to Trump’s victory

The Nigerian Stock Exchange (NSE) and the New York Stock Exchange (NYSE) seem relatively immune to the much-dreaded Donald Trump

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Oil closes in on 2016 budget benchmark, as WTI falls below $40

  Oil closes in on 2016 budget benchmark, as WTI falls below $40

US oil – West Texas Intermediate – fell below $40 per barrel for the first time since April, as Brent

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Niger Delta militants push global oil prices to $50 – highest in 2016

  Niger Delta militants push global oil prices to $50 – highest in 2016

Oil prices eventually rose to a 2016 high on Thursday morning, hitting the highly anticipated $50 a barrel mark, following

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Oil price rise ‘set’ to break seven-year record

  Oil price rise ‘set’ to break seven-year record

Oil is on track for its biggest monthly gain in seven years as a result of a weak dollar and

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