Browsing: Crude Oil

The oil market rebounded on Tuesday following a strong bearish trend that plunged crude prices lower on Monday following Israel’s retaliatory attack on Iran at the weekend. While it is still not clear if and how Iran will retaliate, the market is clearly of the view that supply risks have eased for now, ING said in a note.

Prices of crude oil slipped on Wednesday as U.S stocks increased beyond expectation at the time when China raised import quota for refiners.

The prices of crude oil were under pressures early on Tuesday in the global commodities market as demand and supply risks persist.

Governor of Bayelsa State, Senator Douye Diri, has restated that the state will work with the Defence Headquarters Joint Monitoring Team to curb the menace

Oil prices climbed early on Monday in the global commodities market over report that Israel plans major attack on Iran. 

Oil prices stablised after losing about 6% in the global commodity market this week due to uncertainties that clouded the supply and demand of crude

Oil prices fell again in the global commodities market following bearish reports by the Organisation of Petroleum Exporting Countries and International Energy

Oil prices stabilised on Wednesday in the global commodities market after falling significantly over the past few sessions as some buying activity returned

Global oil production decreased by 0.7%, or around 680,000 barrels per day (bpd), to nearly 102.76 million bpd in September, according to the International

Oil prices declined below $75 per barrel after Israel told the United States it has no plan to launch a counter attack on Iranian oil or the country’s nuclear