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Oil gains on storm-hit U.S. output and COVID-19 treatment hopes

Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on signs of progress in development of a...

Oil prices just under five-month highs, supported by weaker dollar

Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about...

Oil prices dip as virus concerns weigh on demand hopes

Oil prices slipped on Thursday, weighed down by concerns that surging coronavirus infections around the globe could jeopardize a recovery in fuel demand just as major...

Oil prices tick up amid mixed signals from U.S. data

Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to...

Oil prices fall on doubts over output cuts, surging U.S. diesel inventories

Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record output...

Oil steady as economic worries offset signs of firmer demand

Oil prices held steady on Wednesday despite signs of improving demand and a drawdown in U.S. crude inventories, as worries over the economic fallout from the coronavirus...

Budget: FG slashes oil benchmark to $30 per barrel

The Federal Government has proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel. This decision was reached...

Nigeria cuts crude selling prices to woo buyers

To cut down excesses of unsold April-loading cargoes, Nigeria has cut down its official selling prices for its crude oil to record lows before releasing the May...

Oil dips as markets await Iran response to US killing of military commander

Oil prices edged lower on Tuesday (Jan 7), coming off their highest levels in months as the market calmed while the world braces for Iran’s response to the killing...

Oil, gold surge as US/Iran face -off enters fourth day

Oil prices surged, gold hit a more than six-year high and most equities tumbled Monday after the US assassination last week of a top Iranian general fanned fears of a...