The price of oil made a remarkable comeback on Thursday, after fresh US-Iran tensions erupted. The development also helped equities advance, after US labour market figures provided a glimmer of hope for the world’s top economy. At one point, the US crude oil benchmark, WTI, was up by 20 percent on the day, having earlier […]
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An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down excess supplies. Brent crude oil futures were up at 73.79 dollars per barrel at 0440 GMT. U.S. West Texas Intermediate (WTI) […]
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Oil prices rose on Wednesday lifted by a report that U. S. crude inventories fell last week. Brent crude futures were at $67.84 per barrel. U.S. West Texas Intermediate (WTI) crude futures were at 63.85 dollars a barrel. That was up 46 cents, or 0.7 per cent from their last settlement. The market was supported […]
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Oil prices rose on Thursday. Brent April crude futures were up 53 cents on the day at 69.42 dollars a barrel by 1150 GMT, while NYMEX crude for March delivery rose 42 cents to 65.15 dollars a barrel. Brent crude rose by 3.3 per cent in January, its strongest start to the year for five […]
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Oil prices rose on Wednesday after U.S. crude inventories declined for the eighth straight week and a storm approached the Gulf Coast with the potential to disrupt oil and refined products output. Brent crude futures climbed 58 cents to 52.45 dollars a barrel by 12:12 p.m. while United States West Texas Intermediate crude futures were […]
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