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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.
Oil edged higher toward 73 dollars a barrel on Friday, supported by real and threatened supply disruptions in the Middle East and heading for a weekly gain.
Oil prices slipped below six-month highs on Wednesday after signs that cushioned a rally based on fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.
Oil rose on Monday building on its largest first-quarter gains in nearly a decade as tight supply and positive signs for the global economy supported prices.
The pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.
Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month.
London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
Global stocks mostly rose Friday following strong US jobs data, though Wall Street’s rally showed signs of fatigue after the Dow finished its best January in 30 years.
The British pound on Monday hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said.
Stock markets retreated once more Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping as much as $55 billion from its value and dragging down share prices in the wider technology sector.
Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand.
Oil markets dropped by around one per cent in 2019’s first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted.
The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, yesterday picked holes in the 2019 financial estimates presented to the National Assembly last week by President Muhammadu Buhari, saying it was flawed and incapable of enhancing the development of the country.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed yesterday to cut oil production by 1.2 million barrels per day, owing to a record global crude glut and the need to halt the price slump.
Protests escalated across Iraq’s south and its capital Baghdad on Sunday as demonstrators sealed off streets with burning tyres in outrage at the government’s slow pace of reform.
The United Kingdom’s exit of the European Union is now all but certain. Only the passage of time will reveal what their new relationship shall be. But with this new arrangement, I – like many other Commonwealth leaders – also seek a new settlement: not only of closer relations between the UK and my own nation, but of unleashing trade within the club in which we together shall remain.
The Nigerian forward, who was in action for the duration of the encounter, made his 19th league appearance at the Estadio de la Ceramica but could not add to his La Liga tally of three goals and an assist this season.
President Muhammadu Buhari on Sunday paid a visit to the Prince of Wales, Prince Charles, in Scotland, on the sidelines of Uk-Africa Summit.
It was gathered that on January 9, at about 5.30 pm, the suspect conspired with her boyfriend Emmanuel, and Okpe, to produce a short video of her being blindfolded and driven to a bush in a truck.
The Zamfara Police Command said 14 people lost their lives in attacks by bandits in Babban Rafi village of Gunmi Local Government Area of the State.
The Peoples Democratic Party on Tuesday said it was surprised at the judgment of the Supreme Court on the Imo State governorship election.
Quique Setien began his first session as Barcelona coach on Tuesday morning just as the sacked Ernesto Valverde drove out of the training ground for the last time.
A Federal High Court, Jalingo division has ordered the Taraba State command of the Nigeria Police to immediately reopen all the branches of Taraba Microfinance Bank Ltd, pending the hearing and determination of the suit before the court.
Uche Secondus, national chairman of the Peoples Democratic Party (PDP), has alleged that the presidency is pressurising the supreme court to rule in favour of the All Progressives Congress (APC) in its appeals challenging Sokoto, Bauchi, Adamawa and Benue governorship elections.