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Sterling fell Friday as investors fret over Boris Johnson’s chances of pushing his Brexit deal through parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.
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.
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 fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war.
Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.
Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.
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 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 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 fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.
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 fell on Thursday as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt over growth in demand for fuel.
Oil prices rose by around one per cent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy.
The pact was due to expire at midnight amid a sharp deterioration in ties between the two democracies and market economies that has alarmed Washington as it seeks to curb the threat from nuclear-armed North Korea.
The Peoples Democratic Party caucus in the House of Representatives led by Kingsley Chinda has condemned the recent elections held in Kogi and Bayelsa States, calling for visa ban and travel restrictions against those involved in the alleged manipulation, distraction and violence recorded during the exercise.
Emeritus Archbishop of Catholic Diocese of Abuja, Cardinal John Onaiyekan, on Thursday in Enugu lamented the general despair in the country, saying that long delayed and unfulfilled hopes are making people to give up on the viability of the Nigerian project.
Argentina legend Diego Maradona said he is to return as manager of Gimnasia y Esgrima La Plata - two days after he quit.
Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.
An Edo State High Court, Criminal Division has stopped an attempt by the Nigeria Police to withdraw criminal charges against the member-elect for Ovia North East I Constituency, Mr. Dunez Onaiwu Ugiagbe.
A mother of two, Mrs Janet Idowu Jegede has been detailed by men of Ekiti State Police Command for allegedly killing her husband, Mr. Jegede.
“Quid pro quo.” There’s no escaping the Latin phrase in America right now. It’s front and centre of impeachment proceedings against Donald Trump and omnipresent across airwaves and social media.
Barring any last minute twist of events, Governor Yahaya Bello of Kogi state is set to win his second term bid with a comfortable margin.
Herdsmen has extended their inhumane disturbances to the Federal University of Technology, Owerri (FUTO) as the school authority alleges their constant harassment on students in and outside the premises.