Oil prices rebounded on June 23 as the U.S. dollar weakened against a basket of major currencies, adding hedge appeal of commodities. Light, sweet crude for August delivery gained 1.74 dollars, or 2.6 percent, to settle at 69.24 dollars a barrel on the New York Mercantile Exchange. The dollar fell the most in a month against the euro on speculation that the Federal Reserve may lower expectations of an interest rate increase this year, which made oil relatively cheaper to the ......
Nigeria's daily revenue portfolio is now in the region of N180 billion daily as oil prices yesterday hit $71(about N11, 000) a drum at the international market....
NEW YORK (MarketWatch) - Airline stocks were in the red Thursday with higher oil prices. At last check, the NYSE Arca Airline Index slipped about 1% to 17.13 points with all but four of its 13 components trading down. Oil rose more than 1% in electr...
Crude prices remained on an upward track on Friday, hovering above 72 U.S. dollars a barrel on hopes of a rebound in the world's major economies and the outlook for stronger energy demand. New York's main contract, light sweet crude for July delive...
