Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Brent Rises to $95 over Widening Demand, Supply Gap The global oil market rallied further on Monday as Brent crude price rose to about $94.5 per barrel over widening demand and supply gap. Brent trades higher per barrel as markets grappled with tight supply fears triggered by Saudi Arabia and Russia’s output cuts. This comes amidst increasing optimism about a Chinese economic revival, which analysts expect to push energy costs higher due to large demand that the market may find uneasy to supply. International benchmark crude Brent traded at $94.48 per barrel, a 0.59% gain from the closing price of…

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