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Venezuela Sanction Pushes Oil Prices UpVenezuela Sanction Pushes Oil Prices UpOil prices gained traction yesterday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed pressure from a darkening outlook for the global economy. U.S. West Texas Intermediate (WTI) crude futures were at $53.43 per barrel up 12 cents, or 0.2 per cent, above their last settlement, while the international Brent crude […]
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Oil Price Fall Not A Threat, FGFederal government is not moved at the drastic fall in oil prices since the second half of 2014. This was disclosed on Monday by the Minister of Information Dr. Nuruden Muhammed This was said while addressing the press on the state of the nation. The minister also said Nigeria had become the largest economy in […]
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Oil Prices Steady On Trade Talk Hopes, OPEC CutsOil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies. OPEC-led supply cuts also tightened the markets. International Brent crude futures LCOc1 were at $57.42 per barrel at 0742 GMT, up 9 cents, or 0.2 per cent from […]
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Oil prices steady on trade talk hopes, OPEC cutsOPEC led supply cuts also tightened the markets.
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Oil Prices Slump On Economic Growth ConcernOil prices slipped yesterday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the US, China trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets. Oil prices were also supported by comments from US Federal Reserve Chairman, Jerome Powell on Thursday that the central bank […]
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