TheNewsGuru

Tag: Barrel

  • Oil prices surpass $83

    Oil prices surpass $83

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    by

    Femi Ajasa
    in

    Oil prices hit a multi-year high on Wednesday above $83 a barrel, its highest level since 2018. The price jump was supported by OPEC+’s refusal to ramp up production more rapidly. However, the market later unwound those gains due to an American Petroleum Institute (API) report showing rising crude inventories in the United States. Technical…

  • Just in: Oil prices shoot pass $60 per barrel, highest in over a year

    Just in: Oil prices shoot pass $60 per barrel, highest in over a year

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    by

    Femi Ajasa
    in

    Brent oil prices Monday shot past $60 a barrel for the first time in more than a year Monday with investors growing increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic. The commodity climbed 1.26 percent to $60.19 a barrel — its highest since January last year — as asset markets…

  • Brent Sheds 19% to Sell at $20 Per Barrel

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    by

    Olaotan Falade
    in , ,

    With the market still shocked by huge fall suffered by the US oil benchmark, West Texas Intermediate (WTI), yesterday, the global benchmark, Brent Crude, seems to be heeding the call to head south quickly. The WTI fell by over 306 percent on Monday and on Tuesday, the Brent is already shedding over 19 percent to…