Oil Prices Pushing $47. - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Oil Prices Pushing $47. (17061 Views)
| Oil Prices Pushing $47. by 989900B(op): 7:28pm On Apr 27, 2016*. Modified: 7:55pm On Apr 27, 2016 |
Brent crude peaked at $47.2/barrel today. Brent has now risen nearly 20 per cent in April, its largest one-month gain for the past 12 months. The rise is likely to continue if, oil glut continues to recede (shale oil and ISIS production shutting down) and demand continues to soar (India, China, and some other countries are consuming more now), and if the dollar continues to weaken considerably. If Iran and Saudi can be reasonable for once, we might probably see it cross '$50' anytime soon! These things ebb and flow. It is a double-edged sword for Nigeria as we import refined petroleum products, and it could probably breed complacency or agitation for more 'free money' from some quarters. 13 Likes |
| Re: Oil Prices Pushing $47. by nairalandbuzz(m): 7:34pm On Apr 27, 2016 |
Oga what's ur source before I start dancing alanta 3 Likes |
| Re: Oil Prices Pushing $47. by 989900B(op): 7:37pm On Apr 27, 2016 |
nairalandbuzz:Many sources (both online and offline). Article written by me. You can 'factcheck' points made. 5 Likes |
| Re: Oil Prices Pushing $47. by nairalandbuzz(m): 7:41pm On Apr 27, 2016 |
989900B:Correct guy... I just checked financial times... Its now 42.7 good new 9ja... Saudi please cooperate o... How I wish they and Iran can cooperate for just two months... 9 Likes |
| Re: Oil Prices Pushing $47. by modath(f): 7:47pm On Apr 27, 2016 |
989900B, oya join Mo..  I see 50$ in the not so distant future... 6 Likes
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| Re: Oil Prices Pushing $47. by 989900B(op): 7:50pm On Apr 27, 2016 |
nairalandbuzz:It was actually 47.20 some moments ago! 42.7 is for WTI, and it broke the $45 dollar mark earlier! Make we no come jinx am now, ehn? 1 Like |
| Re: Oil Prices Pushing $47. by nairalandbuzz(m): 7:51pm On Apr 27, 2016 |
989900B:God is on our side... It will definitely roar! 4 Likes |
| Re: Oil Prices Pushing $47. by 989900B(op): 7:52pm On Apr 27, 2016 |
modath:I was just about mentioning you.   Cheers! 3 Likes 1 Share
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| Re: Oil Prices Pushing $47. by musicwriter(m): 8:43pm On Apr 27, 2016 |
It would be very interesting to see what IMF and those calling for the devaluation of the Naira have to say when the oil price hit $80 per barrel. 22 Likes 2 Shares |
| Re: Oil Prices Pushing $47. by nairalandbuzz(m): 9:00pm On Apr 27, 2016 |
musicwriter:I can't wait... Everything na politics I think... 6 Likes |
| Re: Oil Prices Pushing $47. by 989900B(op): 9:05pm On Apr 27, 2016 |
musicwriter:Are you thinking what'm thinking? Even at $60-$70, . . . that is some 80%-100% increase already, and they can shove their loan where the sun doesn't shine. It's good Buhari is steadfast, imagining it's oga Jona for one second = HBP. Hopefully, coupled with the Yuan deal, we see the benefits, especially on the Forex side -- it's been hell! 28 Likes 1 Share |
| Re: Oil Prices Pushing $47. by grandstar(m): 9:33pm On Apr 27, 2016 |
musicwriter:Is the crash of the naira the IMF's fault 2 Likes |
| Re: Oil Prices Pushing $47. by malton: 10:02pm On Apr 27, 2016 |
 |
| Re: Oil Prices Pushing $47. by musicwriter(m): 11:14pm On Apr 27, 2016 |
grandstar:Not their fault, but they want to exploit the situation. That's the issue. 23 Likes 3 Shares |
| Re: Oil Prices Pushing $47. by Nobody: 11:26pm On Apr 27, 2016 |
musicwriter: |
| Re: Oil Prices Pushing $47. by 989900B(op): 5:31am On Apr 28, 2016*. Modified: 7:16am On Apr 28, 2016 |
Oil prices are one of the most unpredictable things in the world; just like weather. |
| Re: Oil Prices Pushing $47. by SafetyFirst(m): 7:12am On Apr 28, 2016 |
That's comforting. |
| Re: Oil Prices Pushing $47. by Nobody: 7:14am On Apr 28, 2016 |
 thank God |
| Re: Oil Prices Pushing $47. by omojeesu(m): 7:14am On Apr 28, 2016 |
Good! Hope rising. Keep rising!! |
| Re: Oil Prices Pushing $47. by iykebest1(m): 7:15am On Apr 28, 2016 |
Hmmm |
| Re: Oil Prices Pushing $47. by makzeze: 7:16am On Apr 28, 2016 |
Sai Buhari, in sha Allah. 4 Likes |
| Re: Oil Prices Pushing $47. by jazinogold(m): 7:17am On Apr 28, 2016 |
hmm |
| Re: Oil Prices Pushing $47. by MadCow1: 7:18am On Apr 28, 2016 |
We are almost there 2 Likes |
| Re: Oil Prices Pushing $47. by Segadem(m): 7:18am On Apr 28, 2016 |
Good |
| Re: Oil Prices Pushing $47. by eleojo23: 7:18am On Apr 28, 2016 |
Please let it rise further so that uncle Bubu and APC will stop blaming low crude prices and start working. 10 Likes 1 Share |
| Re: Oil Prices Pushing $47. by Proulyzoogerian: 7:18am On Apr 28, 2016 |
| Re: Oil Prices Pushing $47. by GROOOVE(m): 7:18am On Apr 28, 2016 |
God help us steady the naira tho 1 Like |
| Re: Oil Prices Pushing $47. by Ekowise(m): 7:18am On Apr 28, 2016 |
Source or
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| Re: Oil Prices Pushing $47. by lonelydora: 7:20am On Apr 28, 2016 |
we are getting there |
| Re: Oil Prices Pushing $47. by Isoni(m): 7:21am On Apr 28, 2016 |
Enemies of the State right now... 24 Likes 2 Shares
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| Re: Oil Prices Pushing $47. by mencade5(m): 7:22am On Apr 28, 2016 |
Dont come here and praise buhari for this o. He is not responsible at all 1 Like |
| Re: Oil Prices Pushing $47. by banme1(m): 7:22am On Apr 28, 2016 |
Same people thanking God today will term crude useless tomorrow. Hypocrites. They know themselves 10 Likes |
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