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Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low (606 Views)

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Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by comos(op): 9:22am On Jan 26, 2016
Oil prices fell by 3.5 per cent yesterday, as exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies, continue to affect demand.

Brent crude, the global benchmark, was down by $1.13, or 3.5 per cent, at $31.04 a barrel, losing more than two per cent from its closing price on Friday, when Brent surged by10 per cent.

The announcement by Iraq of excessive production record, which was pushed into the already saturated crude oil market, also hit hard on prices.
...

culled from Guardian
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by NavierStokes(m): 9:25am On Jan 26, 2016
comos:
Oil prices fell by 3.5 per cent yesterday, as exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies, continue to affect demand.

Brent crude, the global benchmark, was down by $1.13, or 3.5 per cent, at $31.04 a barrel, losing more than two per cent from its closing price on Friday, when Brent surged by10 per cent.

The announcement by Iraq of excessive production record, which was pushed into the already saturated crude oil market, also hit hard on prices.
...

culled from Guardian
Don't worry winter would soon be over and the refineries will be open again, with increased demand.
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by BALLOSKI: 9:40am On Jan 26, 2016
Farming ti take over!
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by Standing5(m): 9:47am On Jan 26, 2016
Can someone then tell how they expect Buhari not to go after Looters from past govt in order to run the country. No amount of publicity stunt from the camp of wailers will sway the fed govt from going after theives. I pity those online wailer, cos their source of garri energizing the vile rant is going down soon
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by comos(op): 9:58am On Jan 26, 2016
NavierStokes:
Don't worry winter would soon be over and the refineries will be open again, with increased demand.
you banking on refineries abroad opening, instead of diversifying the economy.
Nigerian youth of today, what is our education for?
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by suxkill: 9:59am On Jan 26, 2016
APC will soon blame my role model.
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by NavierStokes(m): 10:11am On Jan 26, 2016
comos:
you banking on refineries abroad opening, instead of diversifying the economy.
Nigerian youth of today, what is our education for?
Okay begin to diversify!!!!
Re: Oil Prices Drop By 3.5 Per Cent, Demand Slides To One-year Low by comos(op): 10:13am On Jan 26, 2016
NavierStokes:
Okay begin to diversify!!!!
you are in the wrong place for to play
1 Reply

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