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Energy

Oil climbs $71 for first time since 2014 on reduced U.S crude inventories, tighter cuts

Ihesiulo Grace 25 January 2018 0

Oil prices hit a new high of $71 per barrel Thursday for the first time since 2014, supported by increasing decline in U.S. crude inventories, a weaker U.S. dollar and OPEC-led supply cuts, according to Reuters report. Oil prices, boosted by a record 10th straight weekly decline in U.S. crude

Capital Market

NSE Oil Index crashes 2.1 percent as higher oil prices boost equities worldwide

Ihesiulo Grace 23 November 2016 0

The Nigerian Stock Exchange’s Oil and Gas Index at the end of yesterday’s performance recorded a significant decline of over 2 percent amidst rising values recorded in counterparts across the globe, on account of profit taking in Total Nigeria that dropped 5.00 percent and Forte Oil that lost 9.74 percent. Specifically, European and Asian stocks […]

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