AS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela. Also the pressure on oil price appears to be coming from a positive sentiment over United States–China talks.
Continue reading Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts at Vanguard News Nigeria. …
Oil price
Oil price tumbles after Trump tells OPEC to ‘relax’
Oil prices fell by more than two per cent on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to “relax” as prices were too high.
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Why we put oil price benchmark at $60 — SA Economy
Amidst fears that oil price benchmark for 2019 budget may fail the test of prudence following stalemate in commodity price rally since this year, the Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, has said that the federal government relied on forecast that expects oil price to be about $65 per barrel.
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FG should adjust budget benchmark for crude oil price — FSDH Merchant Bank
Oil price reverses trend, drops back to $60.90
![[PHOTO] 30-Year-Old ‘Killer Wife’ Sentenced To Death By Hanging In Bayelsa](http://nigerianoracle.com/wp-content/uploads/2019/01/oil-price-reverses-trend-drops-back-to-60-90.jpg)
Oil price hits $62.70, $2.70 in excess of budget benchmark
For the first time in 2019, the price of oil has risen from $60.00 to $62.70 per barrel as Organisation of Petroleum Exporting Countries, OPEC, intensifies efforts to withdraw excess oil from the volatile market.
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China’s economy, others influence oil market stability – Analysts
Oil market analysts have identified the combination of geopolitical risk, global growth, China’s economy and the dollar’s trajectory as the main influencers of current rise in crude oil price.
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Oil on track for weekly gains on trade talk hopes, OPEC-led supply cuts
OIL prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts started to tighten supply. Despite this, markets were held in check by expectations of an economic slowdown in 2019. International […]
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Oil price hits $60, raises hope for Nigeria’s 2019 budget
THE oil price rebound, yesterday, reached a significant point, selling at $60 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC, continue to withdraw excess oil from the international market.
Continue reading Oil price hits $60, raises hope for Nigeria’s 2019 budget at Vanguard News Nigeria. …
