News

Oil bullish as both benchmarks trade above $90

Both benchmarks are trading above $90, which is good for oil.

Advertisement

At the start of the London day, oil prices are optimistic, extending sharp gains from the previous session as winter weather blasted across wide parts of the United States, threatening to disrupt oil supplies further. For the first time since October 2014, both benchmarks are trading over the $90 area.

Brent oil crude futures, the worldwide benchmark, are currently trading at $91.35 per barrel, up 0.26 percent. The US standard, West Texas Intermediate crude, is currently priced at $90.69 per barrel, up 0.45 percent.

The benchmark has now surpassed $90 for the first time since October 2014. Both benchmarks are on track to gain for the eighth week in a row.

Dear Reader,
Every day, we strive to bring the most accurate, up-to-date, and complete information to our readers like you. It requires money to produce good journalism. We're asking for your help today to help us do more. Your contribution ensures that Metro Times can continue to provide good journalism to people all over the world.  Donate or sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Union Bank Plc
0139921998
Micnaij Media Ltd


Inquiries:
Email: info@metrotimesonline.com
Whatsapp: +234 701 162 0455
READ MORE:  Kwara Governor forwards Five other Commissioner-nominees to Kwara Assembly

Leave a Reply