Crude oil

Onome Amuge Oil rose over one percent on Tuesday, hitting its highest levels since the beginning of the month, underpinned by persistent tensions in the Middle East and China’s pledge for additional economic stimulus measures. The increase, according to analysts, was driven by investor optimism surrounding China’s plans to inject new life into its economy […]

Onome Amuge Crude oil prices continued to slip on Tuesday as markets weighed the prospect of higher OPEC+ output and the looming imposition of U.S. tariffs on its key trade partners, including Canada, Mexico, and China. The development of OPEC+ sticking to its plan for a production increase in April fueled investor concerns over a […]

Onome Amuge Crude oil prices recovered slightly on Wednesday, edging up from their lowest levels in two months, as data released by an industry group revealed that U.S. crude oil inventories dropped during the previous week. Brent crude futures edged up by 24 cents, or 0.3 percent, to trade at $73.26 a barrel, while U.S. […]

Onome Amuge Oil prices edged higher on Wednesday, as markets digested worries of potential disruptions in U.S. and Russian oil supplies and anxiously awaited updates on Ukraine peace talks. Brent crude futures advanced 0.5 percent to $76.25 a barrel, setting the stage for a third consecutive day of gains as traders weighed in on market […]

Onome Amuge Global crude oil prices fell sharply on Tuesday amid growing trade tensions as the United States imposed tariffs on Chinese goods, prompting China to retaliate with its own countermeasures, leading to heightened concerns over a potential escalation of the ongoing trade war. Meanwhile, U.S. President Donald Trump also announced a one-month reprieve on […]

Onome Amuge Oil prices maintained bearish movements on Thursday, as data indicated  a larger-than-expected build in U.S. crude inventories. This is as the potential imposition of tariffs on oil imports from Mexico and Canada by the U.S. President Donald Trump remained a primary area of focus for market participants, given that the two countries are […]

Business a.m. Global oil prices eased on Wednesday following a build-up in U.S. crude inventories, while investors maintained a cautious watch over the recently imposed U.S. tariffs on Canadian and Mexican oil imports. The downward trend in oil prices continued on the third day of the week, as Brent crude futures slipped by 44 cents, […]

Onome Amuge The oil market witnessed a surge on Wednesday, buoyed by an anticipated shortfall in oil supplies from Russia and OPEC members, along with a surprising upturn in U.S. job openings which signaled an increase in economic activity and therefore a greater demand for oil. In the global oil market, Brent crude prices increased […]

Business a.m. The sharp escalation of tensions in the Middle East sent oil prices soaring on Thursday as traders feared that a prolonged conflict could disrupt the flow of crude from the major export hub. With jitters over the Middle East conflict sending shockwaves through the oil markets, U.S. crude futures jumped 2.2 percent to […]