Breaking : Oil Price Drops Below 5% - Business - Nairaland
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| Breaking : Oil Price Drops Below 5% by Nobody: 10:26pm On Oct 29, 2020 |
The slide is attributed to unexpectedly large U.S. crude oil inventories for last week reported by the government, which reinforced concerns about depleting demand for fuel amidst the worsening global outbreak of Covid-19. At the time of writing, Brent crude traded at $39.44/Barrel down more than 5%. Why crude oil prices are falling heavily now? The macros weighing down on oil prices are reports coming from the EIA showing U.S. crude stockpiles gained 4.3 million barrels, against an increase of 1.23 million barrel as anticipated by energy analysts, showing there is soft demand for gasoline in the world’s largest economy. https://nairametrics.com/2020/10/28/breaking-crude-oil-prices-drops-by-over-5/ 1 Like
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| Re: Breaking : Oil Price Drops Below 5% by Nbotee(m): 10:28pm On Oct 29, 2020 |
So wen will d govt review the price of fuel downwards |
| Re: Breaking : Oil Price Drops Below 5% by fineboynl(m): 10:31pm On Oct 29, 2020 |
oil will never go up again as money aboki is hoping on. it will continue to decline. |
| Re: Breaking : Oil Price Drops Below 5% by Racoon(m): 10:36pm On Oct 29, 2020 |
This is one of the more reason the world is going for alternate energy source.Crude oil or black gold is a curse to this nation. |
| Re: Breaking : Oil Price Drops Below 5% by limeta(f): 10:39pm On Oct 29, 2020 |
Fall more 1 Like |
| Re: Breaking : Oil Price Drops Below 5% by Nobody: 10:40pm On Oct 29, 2020 |
Racoon:I'm very afraid for the future of Nigeria. Despite billions in oil revenue the country is still in shambles ,what will then happen when oil dries up or no longer needed? I've never seen any successful country with a mono economy. 1 Like |
| Re: Breaking : Oil Price Drops Below 5% by temi1290: 10:42pm On Oct 29, 2020 |
I fear for the future of this country |
| Re: Breaking : Oil Price Drops Below 5% by SolutionMee: 10:45pm On Oct 29, 2020 |
All thanks to our youths... The moment they chose anarchy over progress I knew we're in a hot soup. |
| Re: Breaking : Oil Price Drops Below 5% by Nobody: 10:58pm On Oct 29, 2020 |
Diversification in progress... God bless Nigeria. |
| Re: Breaking : Oil Price Drops Below 5% by Nobody: 11:46pm On Oct 29, 2020 |
They changed NEPA to PHCN Do you have steady power? NO They have changed SARS to SWAT Will brutality end? NO #ENDSARSNOW #endpolicebrutality #ENDSWAT |
| Re: Breaking : Oil Price Drops Below 5% by daania50080: 6:06am On Oct 30, 2020 |
So wen will d govt review the price of fuel downwards |
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