Brent crude (LCOc1) was up 0.41% to trade at $42.11 a barrel by 0706am GMT. Crude oil prices rallied higher on Friday at the opening of London’s trading session. The black liquid is on track for a weekly decline because of rising concerns about the global resurgence of COVID-19 infections and its effects on fuel […]
In Thursday’s trading session, Crude oil prices fell. Crude oil prices dropped at Thursday’s trading session. This slide is attributed to recent poor E.U. economic data, and a lower-than-expected U.S. gasoline demand. Fears of a second wave of COVID-19 in emerged economies also weakened investors’ enthusiasm. What we know: Brent oil futures fell 0.57% to
Crude oil prices fall on fears of global energy demandRead More »
Oil benchmarks fell around 4% on Monday following rising concerns of increased coronavirus cases. Crude oil prices drifted lower at the later part of Asia’s trading session on Tuesday, as Tropical Storm Beta in the Gulf of Mexico weakened. What we know: Brent oil futures were down by 0.31% to $41.31 at the time this
Crude oil prices drop again after losing 4% on MondayRead More »
U.S. West Texas Intermediate fell by 1.57%, to trade at 39.53/barrel, after gaining 4.9% yesterday. Crude oil prices dropped at Asia’s trading session on Thursday morning, after rising in the two previous sessions. The slide was attributed to growing concerns on oversupplies after it re-emerged that some oil installations around the Gulf of Mexico are
Crude oil prices drop on fears of oil glut, OPEC meets todayRead More »
Crude oil prices are expected to recover slowly once economic activities rebound globally. Crude oil prices remained relatively stable at Tuesday’s trading session. Investors and oil traders stayed cautious, ahead of an OPEC+ meeting scheduled for Thursday. At the time this report, Brent crude futures were a bit down by 0.1% to trade at $39.57,
Crude oil prices stay stable, but remain under $40/barrelRead More »
Brent lost 6.6% for the week, adding to the previous week’s drop of 5.3%. Crude oil prices closed with a second week of losses, which left the energy market down by more than 10%, over the past two weeks. The slide comes higher than the predicted crude Inventories in the world’s largest economy, and caused
Crude oil prices post more than 10% losses in 2 weeksRead More »
Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel. Crude oil prices dropped below the $40/barrel at Asia’s trading session. The price slide was triggered by the surge in COVID-19 caseloads globally and the U.S dollar gaining strength. At the time this report was drafted, Brent crude futures were
Crude oil prices drop below $40/barrel, as COVID-19 caseloads approach 27.5 millionRead More »
U.S. West Texas Intermediate down 0.34% to trade at $41.34 a barrel by 8.09 GMT. Brent crude prices were also down by 0.41%, to $44.25 a barrel. Both Crude oil benchmarks dropped more than 2% with WTI sliding to its lowest. Crude oil prices dropped significantly on Thursday and fell below its multi-week lows on
Crude oil prices drop on falling US gasoline demandRead More »
The Pipeline and Product Marketing Company made the disclosure through an internal memo. The pump price of premium motor spirit (PMS) otherwise known as petrol has been increased to N151.56 per litre with effect from September 2, 2020. This was disclosed in an internal memo and issued by the Pipeline and Product Marketing Company (PPMC),
Breaking: Petrol pump price increased to N151.56 per litreRead More »
