Browsing: Oil prices

Brent crude oil prices fell sharply to a nine-month low, resulting in a sell-off that was magnified by a surge in the US dollar, making USD-priced commodities more expensive for investors, Australia’s ANZ Bank said in a Monday note.

Oil prices increased on Thursday on concerns over tight global supplies ahead of the winter months. International benchmark Brent crude traded at $90.50 per barrel, an increase of 0.75% from the closing price of $89.83 a barrel in the previous trading session.

Oil price: OPEC+ ministers to talk via Video on Monday. In an attempt to stabilize global prices of oil, the Organisation of Petroleum Exporting Countries (OPEC) minister will engage via video conference on Monday.

Naira stable despite decline in Oil prices, foreign reserves