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Strong draw in Crude inventories lifts Oil prices

A day after API contributed to WTI’s reaching its highest price level since 2015 with an estimated 5-million-barrel draw in crude oil inventories, the...

Nigeria’s Bonny Light crude oil hits $67.10 a barrel

The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members of Organisation of the...

U.S. Oil Rig Count Dips, Ending 5 Week Streak

While OPEC is busy shackling its members’ production to its lowest level in six months, US oil and gas drillers have been rolling up...

EIA Reports Major Draw In Crude Inventories

Amid rising oil prices thanks to the three-week suspension of the Forties pipeline and a major inventory draw estimated by API, the Energy Information...

Oil Prices Hit $65 on North Sea Pipeline Closure

Oil prices in the international market sustained their rally on Tuesday, with the Brent crude, the international benchmark for crude oil, trading at $65.24...

Global Crude Oil Prices Edges Up To $62 On Nigerian Workers...

Oil prices edged up on Friday, on account of threat by Nigerian Petroleum and Natural Gas Workers Association, PENGASSAN, to downtolls over alleged anti...

Oil trades near $56 after slump as US gasoline stockpiles gain

Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more than expected, offsetting a...

Oil Slips as OPEC Deal Seen Leading to Potential Shale Surge

Oil retreated amid worries that OPEC’s deal to extend production cutbacks may take U.S. shale activity to a whole new level. Futures tumbled as much...

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