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Oil slumps on weak economic data

Oil prices slumped on Wednesday on weak economic data from China and Europe and a rise in United States (U.S.) crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Oil prices fall on weak economic data from Europe, China

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Oil rebounds on U.S-Chinese trade dispute

Oil prices rallied on Tuesday following reports that the U.S has decided to delay the next round of tariffs that were to be imposed on Chinese goods.

Oil prices fall as trade war concerns mount

Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.

Oil rises for 5th session as stockpiles fall and market awaits Fed

Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.

Oando records six per cent increase in turnover

The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.

Oil at six-week high on Gulf of Mexico storm, Iran tensions

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.

Oil rises on falling US stockpiles

Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices drop as traders wait for G20, OPEC+ meetings

Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.

Oil rises towards $65 on fears of US attack on Iran

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.

Oil set for worst week in six months as crude stockpiles surge

Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook.

Oil prices fall as US output hits record high

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Oil prices dip as US output at record high since 2017

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Oil set to extend long run of weekly gains in tense global market

Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States.

Oil hovers below 6-month high amid easing of supply concern

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 pauses, focus on future supply direction

Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

Oil edges up amid tightening supply, economic slowdown weighs

Oil prices inched up on Wednesday amid supply cuts by producer group, OPEC, and U.S. sanctions on oil exporters, Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.

Oil set for biggest quarterly rise since 2009

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.

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