Crude Oil

Latest survey has shown that the Organization of Petroleum Exporting Countries (OPEC) boosted crude production in August, last month, as it continued the revival of supplies halted during the COVID-19 pandemic, but some members…

Oil prices plunged around 2% on Monday, extending last week's slump of more than 8%, amid the rising US dollar and mounting fears that the rapid spread of the Delta variant globally may cloud the demand outlook. In China, there…

The West Texas Intermediate (WTI) oil was trading around $70 a barrel on Thursday, rebounding from two-month lows of near $65 earlier in the week, as risk appetite improved despite an unexpected increase in US crude stock. The…

Brent Crude futures were slightly lower at $75.7 per barrel on Friday, still remaining close to their highest level since October, 1981. OPEC+ Ministers postponed  Thursday's ministerial meeting as the…

Oil prices rose on Thursday, extending gains in the prior session and hitting its highest since October 2018, after the EIA data showed that US crude oil inventories fell by a more than expected 7.61 million barrels in the June 18th week, a…

Oil prices fell on Friday, extending declines in the prior session, as the dollar strengthened on the prospect of interest rate hikes in the US. Demand worries also resurfaced after new coronavirus cases jumped in Britain,…

Crude oil prices have risen further, after the Energy Information Administration (EIA) reported a 7.4-million-barrel draw/build in inventories for the week to June 11. While Brent crude traded at $74.44 a barrel, West Texas Intermediate…

Oil futures regained ground on Friday, with West Texas Intermediate (WTI) crude settling above the $62 a barrel level after upbeat economic data for the US, including PMIs and new homes sales, lifted hopes of a fast recovery in fuel demand.…

Nigeria’s total crude oil and condensate production from January to October 2020 fell by 10.25 percent when compared to similar period in 2019, latest data from the Nigerian National Petroleum Corporation, NNPC, has shown. Data contained…

Oil prices dropped for the fourth day in a row on Wednesday, with the West Texas Intermediate (WTI) crude trading around $64.80 a barrel on a gloomy demand outlook for Europe due to a slow vaccination campaign. Germany, France…