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OIL prices continued their upward momentum for a fifth straight session, with Brent crude reaching $107.1 per barrel, while West Texas Intermediate traded at $97.45 at the time of reporting, Oilprice.com reported. According to Bloomberg, the sustained rally is linked to recent social media remarks by United States President Donald Trump, which signal that any […]
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THE International Monetary Fund (IMF)has lowered Nigeria’s economic growth projection for 2026 to 4.1 percent, down from an earlier estimate of 4.4 percent, warning that stronger oil prices alone will not be enough to shield the economy from global headwinds. Although higher crude earnings may provide some fiscal breathing room, the Fund said they are […]
CRUDE oil prices surged on Thursday, climbing roughly 5.26 percent from Wednesday’s levels after Donald Trump addressed the nation and signaled continued U.S. military action against Iran. Brent crude rose sharply to $106.4 per barrel, marking a gain of 5.20 percent, while West Texas Intermediate (WTI) advanced over 8 percent to trade at $108.3 per […]
OIL prices fell on Wednesday, with Brent dropping about 3.72 percent after U.S. President Donald Trump indicated that Washington could soon wind down its military operations in Iran. He also warned that the United States might reconsider its role in NATO, citing insufficient support for its Middle East actions. Iran, on Tuesday, said it was […]
CRUDE oil prices extended their rally on Thursday as prospects for easing tensions in the Iran conflict dimmed, following Tehran’s firm denial of any ongoing negotiations with the United States, Al Jazeera reported. Brent crude, the global benchmark, surged 5.27 percent to trade at $107.5 per barrel after Iranian officials rejected reports suggesting direct engagement […]
OIL prices surged past the $100 mark once again, reflecting uncertainty over the trajectory of the conflict involving the United States, Israel, and Iran. Brent crude climbed amid mixed signals surrounding possible diplomatic engagement, even as tensions on the ground remain unresolved. Brent closed at $104.5 per barrel at 11.24pm Nigerian time, with WTI $88.50. […]
OIL prices fell sharply on Monday, with Brent crude dropping more than 10.24 percent to $102 per barrel within minutes of U.S. President Donald Trump’s remarks suggesting progress in discussions with Iran over de-escalating tensions in the Middle East. Trump, posting on Truth Social, said the United States and Iran had engaged in what he […]
CRUDE oil prices started the week on a stronger note in early Asian hours as geopolitical tensions between the United States and Iran intensified over the weekend, with US President Donald Trump’s 48-hour ultimatum on Strait of Hormuz rattles markets. Market movements jumped on Monday on the underlying risks. U.S. benchmark WTI rose by 0.94 […]
BRENT Crude oil price jumped 5.55 percent to $109.2 per barrel at 4.55pm Nigerian time on Wednesday as the petrol price reached N1,300-N1,500 per litre across Nigeria, worsening the nation’s energy poverty and hitting hard on those at the lower rung of the ladder. The WTI Crude also rose 2.83 percent to $99.04 per barrel, […]
GOLDMAN Sachs has forecast that Brent Crude will average over $100 per barrel this month due to the ongoing conflict in the Middle East, which continues to restrict supply. The investment bank noted that prices could climb even further if the disruption at the Strait of Hormuz lasts months rather than weeks. Looking ahead, the […]