Posts Tagged ‘OPEC’

Global oil Price Slumps to $61 after Unexpected Rise in Inventories

by Ikokwu Ikembaon September 26, 2019
Crude oil prices wednesday fell for third day on worries that fuel demand could fall after United States President, Donald Trump, doused recent optimism over China-US trade talks, at a time of rising US crude oil stockpiles. The price of the global benchmark crude was down $1.72 to $61.38 a barrel, erasing all gains made […]

Oil price rise amidst easing US–China trade tensions

by Ikokwu Ikembaon August 14, 2019
Oil prices rose more than 3% on Tuesday after the United States said it will remove some products from its China tariff list, easing concerns over a global trade war that has pummeled the market in recent months. Brent crude futures LCOc1 were up $1.75, or 3.1%, from the previous settlement at $60.32 a barrel […]

Oil Price Rises To $65 Over Fear Of US Attack On Iran

by Ikokwu Ikembaon June 23, 2019
Oil prices rallied towards $65 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 percent of the world’s oil output. Brent crude was up 42 cents, or 0.66 percent, at $64.87 a barrel by 0850 GMT. The global benchmark jumped […]