Random Pagan Verse:
Not all sick men are utterly wretched:
Some are blessed with sons,
Some with friends,
some with riches,
Some with worthy works.

Author Topic: Crude oil price rose towards $60 per barrel  (Read 478 times)

Offline yungcrux (OP)

  • Global Moderator
  • Hero Member
  • *****
  • Date Registered: Sep 2015
  • Posts: 1049
  • Karma: +0/-0
    • View Profile
Crude oil price rose towards $60 per barrel
« on: October 21, 2016, 01:05:22 AM »
Loading...

OPEC's proposed deal to cut production has "put a floor" under the oil price at around $50 a barrel, Reuters reports


International benchmark Brent crude dropped to a little above $52 from nearly two per cent gain of $52.67 last night.

West Texas Intermediate, hit a year-high of close to $52 at one point last night and was holding above $51 a barrel this morning.

Optimism is growing for future trading, too, BMI Research says it sees "significant potential for an upwards break in Brent towards $60 per barrel".

BMI Research argues this is down to "bullish technical drivers and supportive conditions in the broader financial markets".

In addition to ongoing speculation that OPEC will also confirm its tentative supply deal when it meets formally next month, markets are buoyed by official data showing raw crude stockpiles in the US has fallen for the sixth time in seven weeks.


 

 

Nigerian FG petrol subsidy now N26 per litre , Landing Cost Up, Price Hike Looms

Started by guruslodge

Replies: 0
Views: 336
Last post December 25, 2017, 12:42:50 AM
by guruslodge
Nigerian FG to increase fuel pump price next month ? Kachikwu

Started by admin

Replies: 0
Views: 424
Last post April 06, 2016, 01:57:34 AM
by admin
Checkout Photos of this Amphibious Lamborghini on eBay for less than ford price

Started by newspostng

Replies: 0
Views: 255
Last post April 08, 2016, 01:24:34 AM
by newspostng
Nigerian Senate denies plan to hike fuel price

Started by internet police

Replies: 0
Views: 770
Last post June 05, 2017, 12:43:04 AM
by internet police
Nigeria Manufacturers warn, Price of cement will be further increased

Started by newspostng

Replies: 0
Views: 279
Last post September 09, 2016, 08:13:54 AM
by newspostng
DPR begins enforcement of new Petroleum Pump Price

Started by mastercode

Replies: 0
Views: 246
Last post January 02, 2016, 10:08:33 PM
by mastercode
Oil price may not recover to around $70 unitl 2020 - Report

Started by yungcrux

Replies: 0
Views: 226
Last post March 08, 2016, 01:19:08 PM
by yungcrux
cement Price shoots up to to N2,300/bag

Started by mastercode

Replies: 0
Views: 302
Last post August 31, 2016, 07:17:56 AM
by mastercode
Oil price falls again

Started by legendguru

Replies: 0
Views: 246
Last post May 13, 2016, 12:34:00 AM
by legendguru
Nigerian NNPC cancels crude oil delivery contracts to refineries

Started by admin

Replies: 0
Views: 471
Last post August 27, 2015, 09:12:32 AM
by admin