Oil prices rose again Thursday on data suggesting the US crude glut is easing as the dollar weakened against the euro.
US benchmark West Texas Intermediate for June delivery rose $1.05 to $59.63 a barrel on the New York Mercantile Exchange.
European benchmark Brent oil for June delivery gained 94 cents to $66.78 a barrel in London.
Analysts said the oil market continued to react to Wednesday’s US Department of Energy inventory report, which showed a 500,000 barrel drop in petroleum stocks to 61.7 million barrels at the key Cushing, Oklahoma trading hub.
While the decline was modest, it marked the first drop since late November. Traders are taking the decline as a sign producers are cutting back at key US petroleum sites, such as the Bakken region in North Dakota, analysts said.
“The oil price ‘wants’ to rise – this is the impression one is bound to gain if one looks at the events that have taken place on the oil market in recent weeks,” Commerzbank said.
“Certainly market participants are paying more attention and responding more to the ‘positive’ rather than to the ‘negative’ reports.”
Oil prices were given an additional upward push by the retreat in the dollar against the euro and some other currencies following Wednesday’s US economic report showing growth of just 0.2 percent in the first quarter.
A Fed statement Wednesday left open the timing of an increase as it waits for more signs of economic progress.
A weak dollar encourages consumption of crude and other dollar-denominated commodities outside the US.


http://www.vanguardngr.com/2015/04/oil-prices-rise-further-as-dollar-drops/

Dollars inversely proportional to oil Price

That's good news.. let the price rise so that $1 will be equal to #1...

Good development

This is the CHANGE we want .

Dollar must fall by fire by FORCE

I see one dollar equals one naira before 2019

So help me God

Good for the government

Equalizer:
That's good news.. let the price rise so that $1 will be equal to #1...

if $1 =N1 who will gain more , you or politicians (like tinubu that have billions of naira in his account) ?





smh

GEJ the pacesetter is really Preparing a nice platform for the incoming Ungrateful government

But The only thing the witch broom carrying Painted party could do is to keep insulting a "sitting" Government

Its a shame that in a country like thus the opposition plays politics without decorum and maturity

Political parties be it opposition or otherwise Are supposed to bring heads together and Solve national problems

But on this Country,,,reverse is the case




APC is nothing but a party filled with Inconsequential opportunists

It will drop again.

Well its good for d Niger delta!
We want resource control and We will surely actualise dat dream before they suck our land dry

Kk

NCOIM:
GEJ the pacesetter is really Preparing a nice platform for the incoming Ungrateful government

But The only thing the witch broom carrying Painted party could do is to keep insulting a "sitting" Government

Its a shame that in a country like thus the opposition plays politics without decorum and maturity

Political parties be it opposition or otherwise Are supposed to bring heads together and Solve national problems

But on this Country,,,reverse is the case




APC is nothing but a party filled with Inconsequential opportunists

what has this got to do with the topic? You're a slowpoke, like your leader!

NCOIM:
GEJ the pacesetter is really Preparing a nice platform for the incoming Ungrateful government

But The only thing the witch broom carrying Painted party could do is to keep insulting a "sitting" Government

Its a shame that in a country like thus the opposition plays politics without decorum and maturity

Political parties be it opposition or otherwise Are supposed to bring heads together and Solve national problems

But on this Country,,,reverse is the case




APC is nothing but a party filled with Inconsequential opportunists

se oro niyen

Ayomidegbenga1:


se oro niyen

One word for you


swerve!!

---

Dollars should get ready for a head to head against naira. Naira is pac and dollar is mayweather!!!

This one na better news!!!

Sweetguy25:
It will drop again.

One would think this idi0t is from an oil producing state. Oil price will rise by 200% Insha Allah. Go to hell

Some children of hate and anger are already attributing this to Mr. Clueless when in fact he has nothing to do with the increase.

Good news for the change we crave for. The children of pain, hate and anger csn do the needful. After all, lagoon is not far from many of them.

Wonderful news !

PassingShot:
Some children of hate and anger are already attributing this to Mr. Clueless when in fact he has nothing to do with the increase.

Good news for the change we crave for. The children of pain, hate and anger csn do the needful. After all, lagoon is not far from many of them.

But GOODLUCK is still your president till MAY 2019, 2015 so the credit still belong to him

shigoslim:

But GOODLUCK is still your president till MAY 2019, 2015 so the credit still belong to him

Can you explain the reason please?

PassingShot:
Some children of hate and anger are already attributing this to Mr. Clueless when in fact he has nothing to do with the increase.

Good news for the change we crave for. The children of pain, hate and anger csn do the needful. After all, lagoon is not far from many of them.

Mr. Clueless is still your president and will remain your president till May 29. All positive achievements till that time are still attributable to him. Deal with it and move on

[quote author=NCOIM post=33337374]GEJ the pacesetter is really Preparing a nice platform for the incoming Ungrateful government

But The only thing the witch broom carrying Painted party could do is to keep insulting a "sitting" Government

Its a shame that in a country like thus the opposition plays politics without decorum and maturity

Political parties be it opposition or otherwise Are supposed to bring heads together and Solve national problems

But on this Country,,,reverse is the case




APC is nothing but a party filled with Inconsequential opportunists [/quote



Your HERO is the real "Incompetent and Inconsequential Opportunist"...who got there with another man's misfortune and the story that touched the heart (I had no shoes).

So, stop spewing venom and wait till May 29, to start writing your gibberish.

[size=16pt]CONFAB approved a 50% derivation principle.What needs to happen now is a guerrilla warfare against oil pipelines, installations and personnel.[/size]

shigoslim:













But GOODLUCK is still your president till [b][/b]MAY 2019, 2015 so the credit still belong to him

That robotic GEJ TILL 2019 haven't gone out of your system yet? I feel your pain bro

Equalizer:
That's good news.. let the price rise so that $1 will be equal to #1...

that will be bad for our economy, especially to our planned economic diversification as more goods will be imported thereby reducing consumption of local goods.

dlox147:
that will be bad for our economy, especially to our planned economic diversification as more goods will be imported thereby reducing consumption of local goods.

That's true brother but the fact still remains that with #1, one can comfortably buy one bottle orijin without much stress...

So even nature is also against GEJ 2015 ambition

Oil price going up? Cool mehn.

OreMI22:
[size=16pt]CONFAB approved a 50% derivation principle.What needs to happen now is a guerrilla warfare against oil pipelines, installations and personnel.[/size]

Oremussanctus the gorilla.

Equalizer:

That's true brother but the fact still remains that with #1, one can comfortably buy one bottle orijin without much stress...

Kai you funny o... Orijin

solarview:

Kai you funny o... Orijin

I lie?