Oil prices jumped more than five percent yesterday after US President Donald Trump targeted Russia’s key oil industry with new sanctions in a bid to end the war in Ukraine. The surge in crude prices came as major US equity indices rebounded from the prior day’s pullback after the White House confirmed a plan for […]
Wall Street stocks finished little changed yesterday as markets absorbed a disappointing inflation report, while oil prices shot higher on the eve of a US-Russia summit on Ukraine. After a negative start, major US indices worked their way back up to even following July wholesale price data, reports AFP. The producer price index rose 0.9 [&hell...
Oil prices sank today on hopes for an Iran nuclear breakthrough after Donald Trump said a deal was “getting close” and US media reported Tehran had indicated it could be open to curbs on its atomic programme. The remarks from the US president came after the two sides on Sunday held their fourth round of […]
Oil prices rocketed more than three per cent on Monday after China and the United States agreed to suspend sweeping mutual tariffs. Brent climbed +2.44 or 3.82% to $66.35 at 12:44 PM WAT on hopes that a pullback in tensions will support the global economy and boost demand for the commodity. West Texas Intermediate jumped […]
Oil prices rose today, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. dollar. Brent crude futures were up 34 cents, or 0.5%, to stand at $71.12 a barrel by 0745 GMT, their highest level since March 3. U.S. West Texas Intermediate […]
World oil prices jumped today on fresh moves by China to boost its economy and as traders tracked an uncertain future for Syria and the wider crude-rich Middle East. Major stock markets diverged as investors reacted to political crises in South Korea and France, and tracked the perspectives for interest rate cuts, reports AFP. Gold, […]
•FCT Alhaji Adamu Wanki, the Permanent Secretary, Treasury and Budget, Federal Capital Territory (FCT) administration, says Nigeria, particularly the FCT, faces significant economic volatility, occasioned by fluctuations in oil prices. Wanki stated this at the Chartered Institute of Treasury Management (CITM) mandatory continuous training prog...
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