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Oil price slide enters 5th week, now $71.68 p/b

How I will operate as Aare Ona Kakanfo —Gani Adams

THERE was tension in oil producing and exporting nations, including Nigeria, yesterday as the price of crude oil slipped further to $71.68 per barrel, about 0.45 or 0.62 per cent down from $72.13 recorded the previous day in the international market. This development puts the price trend on the fifth consecutive week of decline.
Continue reading Oil price slide enters 5th week, now $71.68 p/b at Vanguard News Nigeria. …

Oil prices drop to $83

Oil prices drop to $83

Oil price, yesterday, dropped  to around $83 a barrel on  pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. Brent crude, the international benchmark was down $1.07 to $83.09 per barrel at 0817 GMT. It hit a four-year high of $86.74 last week.Read More …

Oil price jumps to $86, Putin blames Trump

Oil price jumps to $86, Putin blames Trump

’Femi Asu The international oil benchmark, Brent crude, rose above $86 per barrel on Wednesday, as traders considered reported declines in Iranian exports due to pending United States’ sanctions. The upturn in oil prices follows US Secretary Mike Pompeo’s announcement on Wednesday that the US was terminating the 1955 Treaty of Amity, its economic agreement […] …

Oil price hits $81.69 per barrel

Oil price hits $81.69 per barrel

Oil price, yesterday, reached $81.69 per barrel; suggesting that the price may reach $82 per barrel soon in the event that the price continues its upward movement. This followed allegation by United States President, Donald Trump that Organisation of Petroleum Exporting Countries (OPEC), is behind the rise in price of crude for its member state,Read More …

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