Brent crude to average $75, says report

by Nigerian Oracle - January 13, 20190

The price of Brent will average $75 per barrel this year, a new report released at the weekend said. Brent Crude is a major trading classification of sweet light crude oil that serves as a benchmark price for purchases of oil worldwide. This grade is described as light because of its relatively low density, and […] …

It’s black Friday for oil as brent crude hits $58.92 — all-year low

by Nigerian Oracle - November 23, 20180

It is a big bad black Friday for crude oil as prices continue to crash across the world. On Friday, Brent crude fell below the $60 per barrel benchmark to hit The post It’s black Friday for oil as brent crude hits $58.92 — all-year low appeared first on TheCable.

BREAKING: Brent oil jumps to four-year high near $81

by Nigerian Oracle - September 24, 20180

Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to lower prices. At 0840 GMT (9:40am Nigerian time), Brent North Sea crude for delivery in November soared as high as $80.94 per barrel. READ ALSO: Police yet to […] …

Foreign reserves decline for the first time in eight months

by Nigerian Oracle - May 17, 20180

Data made available by the Central Bank of Nigeria show that the nation’s foreign reserves dropped by $72 million between Thursday, May 10 and Monday, May 14. The reserves, which stood at $39.3 billion The post Foreign reserves decline for the first time in eight months appeared first on TheCable.

After early year slump, crude oil returns to profit

by Nigerian Oracle - March 12, 20180

Crude oil prices reached $65 on Monday after a drop in prices earlier in the year. Brent crude, which is the international benchmark of crude oil, had opened 2018 at The post After early year slump, crude oil returns to profit appeared first on TheCable.