U.S. stocks rise as oil prices fall and markets target record highs
U.S. stocks rose on 6 October as falling oil prices eased pressure on markets and helped major indexes move towards fresh records. The S&P 500 gained 0.5% and was on…
Crude Oil Prices Surge Above $101 as US-Iran Attacks Threaten Strait of Hormuz
Crude oil prices climbed above $101 per barrel on Thursday as attacks linked to the United States and Iran intensified around the Strait of Hormuz. Brent crude rose to $102.30…
Nigeria’s Crude Oil Earnings Drop 14.4% in 2025
Nigeria crude oil exports declined sharply in 2025 as lower global oil prices reduced the Federal Government’s earnings despite continued demand from key international markets. The Central Bank of Nigeria…
How Oil Prices Shape Nigeria’s Economy
Nigeria’s economy has long depended on the performance of the global oil market, with crude exports remaining a major source of government income and foreign exchange earnings. Although efforts to…
Vital Strait of Hormuz to Reopen as Two-Week Ceasefire Agreement Reached
By Babatunji Wusu After more than a month of intense geopolitical friction that sent global energy markets into a tailspin, the Strait of Hormuz is finally set to reopen. The…
Oil prices Surge Above $50 As US Stockpiles Shrink
Oil prices extend its gains Thursday morning to a nine-month high at $51.06 after United States (US) crude stockpiles declined more than expected and lawmakers edged closer toward a new…
Oil Extend Losses As Coronavirus Spike Cools Demand Hopes
Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could…
Oil Prices Nudge Higher, Eyes On Speech By Fed Chair
Oil prices clawed back the previous day’s losses on Friday, with Brent nudging above $60 a barrel. This is as tighter supplies from key producers offset slowing demand growth and…
Oil Rises Towards $65 On Fears Of U.S. 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…
Oil Prices Dip To 18-Month Low
Jennifer Akamanu Oil prices fell more than one per cent on Thursday after rebounding eight per cent in the previous session, as worries over a glut in crude supply and…
