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Oil prices rose on Tuesday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade talks with China in a speech later in the day, Reuters reported.
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2 per cent at the end of last week.
Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the U. S. and China to end their trade war.
Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick deal was unlikely.
Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.
Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend.
Oil fell more than one per cent yesterday as the market was challenged creating uneasiness following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices soaring by the most in decades.
Asian stocks stumbled and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term U.S. bond yields could portend a recession globally.
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
Stock markets have rallied after the US and China agreed to restart trade talks, easing fears over the escalation of a damaging dispute between the world's two biggest economies.
Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.
Oil prices rallied towards 65 dollars per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20 per cent of the world’s oil output.
Angola, a key provider of oil to China, has suffered its slowest trading month this year as poor refining margins, high freight rates and subdued demand amid the trade war between Beijing and Washington curbed its sales.
Oil price hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that had helped boost prices this year.
The Department of State Services has defended the continued detention of Omoyele Sowore, convener of the #RevolutionNow protests.
British Prime Minister Boris Johnson will probably win the Dec. 12 election with a small majority but the campaign has so far been uninspiring with a host of unrealistic promises on both sides, Brexit Party leader Nigel Farage said on Tuesday.
As the University College Hospital, Ibadan marked its 62nd founder’s day yesterday, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye donated a dialysis machine worth N10m to help patients with kidney problems across the country.
Justice Okon Abang of the Federal High Court, Abuja, on Tuesday, adjourned the fraud trial of former Benue State Governor, Gabriel Suswam, till November 25 and 26.
Bayelsa guber: Governor Dickson tenders ‘video evidence’ of electoral fraud, violence in Nembe, Ogbia,...
Governor Seriake Dickson has tendered a video evidence in support of the killings and election violence that characterised the conduct of last Saturday’s governorship election in Nembe local government area and some other parts of the state.
The Catholic Dioceses of Nnewi, Anambra, on Sunday said the late Rev. Fr. Edmund Nwagbara, might have died from inhaling toxic fume from the inverter battery in his apartment which exploded.
Anambra State Fire Service put out fire at St. Peter’s Catholic Church, Nnewi-Ichi Uruagu, Nnewi North Local Government Area of Anambra State.
In a swift investigation and tactically orchestrated covert operation, by the Federal Road Safety Corps (FRSC) and the Department of State Services (DSS), to track down the producers of fake Number Plates in Nigeria; both agencies have apprehended some syndicates in Kano and Kebbi states in connection with the production of illegal number plates including the fake Kano ‘Chip Whip’ Number Plate.
Governor Bello Muhammad Matawalle of Zamfara State has sacked 21 out of its 47 permanent secretaries and announced the creation of 7 new Directorates in the state.
Five-time Paralympic gold medalist Kieran Modra has died after being hit by a car while riding his bike north of Adelaide on Wednesday.