Oil prices

The US dollar traded near a two-month high on Tuesday, September 29, as rising oil prices and American bond yields supported the currency, adding uncertainty for Nigerian businesses budgeting for imports and foreign-currency payments.

March 02, (THEWILL) — Nigeria is confronting a double-edged crisis as tensions between the United States and Iran rattle global oil markets. The Fears of disruption around the strategic Strait of Hormuz which handles about 20% of global...

January 29, (THEWILL) — Crude oil prices climbed sharply in global trading this week as mounting fears of a potential military strike on Iran rattled markets, pushing Nigerian benchmarks close to $70 per barrel and lifting energy sector sentiment....

December 17, (THEWILL) — Global oil prices fell to around $58 a barrel, their lowest level since February 2021, sending fresh signals to investors about slowing economic momentum and triggering moves across global financial markets. The sharp drop in crude...

BEVERLY HILLS, March 08, (THEWILL) – Oil prices jumped above $70 a barrel for the first time in 14 months after Saudi Arabia, the world’s top oil exporter, said its energy facilities had been attacked on Sunday, targeting “the...