OIL PRICE HITS $48- Friday 29th April 2016 - Business

OIL PRICE HITS $48- Friday 29th April 2016 - Business - Nairaland

Nairaland Forum › Nairaland General › Business › OIL PRICE HITS $48- Friday 29th April 2016 (747 Views)

OIL PRICE HITS $48- Friday 29th April 2016 by wholexy009(op): 11:11am On Apr 29, 2016*

Succor is gradually coming the way of countries affected by the recent low oil price. the Brent crude this morning traded at $48.16. Oil is therefore fast approaching the $50-60 (which is fair price to both buyers/sellers)

Source:http://www.livecharts.co.uk/MarketCharts/brent.php

Re: OIL PRICE HITS $48- Friday 29th April 2016 by ArmedRobber: 11:13am On Apr 29, 2016

It's a gradual process...

In other news

YORUBA: my brother, the Fulani herdsmen u claimed u
will kill if they step on your soil don dey on top your soil
o.
IGBO: Make dem try nonsense first.

YORUBA: dem don dey kill people o

IGBO: are u sure? wey pics?

YORUBA: dem don rape ur women finish..

IGBO: yoruba guy, wetin be ur own? una get light? una no
see say petrol no dey?

YORUBA: Dem don turn your land to rubbles

IGBO: I be Lagos boy. SAI BUHARI!!!

Re: OIL PRICE HITS $48- Friday 29th April 2016 by 989900B: 11:13am On Apr 29, 2016

48.2

Re: OIL PRICE HITS $48- Friday 29th April 2016 by wholexy009(op): 11:16am On Apr 29, 2016*

Baba so called foreign tour is finally paying off

Don't be in haste to criticize wink

Re: OIL PRICE HITS $48- Friday 29th April 2016 by Nobody: 11:17am On Apr 29, 2016

Good

Re: OIL PRICE HITS $48- Friday 29th April 2016 by 989900B: 11:23am On Apr 29, 2016

wholexy009:
Baba so called foreign tour is finally paying off

Don't be in haste to criticize

Not taking anything away from 'Bubu' (the middle east talks are still on, and the yuan thing too), but this is more about shale oil and ISIS oil getting off the market. And India and China's renewed thirst for oil, and some countries too.

Then the dollar is weakening, and it is expected to weaken some bit more as the year wears on; it was too strong actually, and not specifically good for the American economy (too strong dollar).

If more countries keep buying-in into the yuan, it will weaken the dollar some bit more, and oil prices should rise even further.

Re: OIL PRICE HITS $48- Friday 29th April 2016 by Edwinmason(m): 11:33am On Apr 29, 2016

good news

Re: OIL PRICE HITS $48- Friday 29th April 2016 by waxxydude: 11:37am On Apr 29, 2016

989900B:
Not taking anything away from 'Bubu' (the middle east talks are still on, and the yuan thing too), but this is more about shale oil and ISIS oil getting off the market. And India and China's renewed thirst for oil, and some countries too.

Then the dollar is weakening, and it is expected to weaken some bit more as the year wears on; it was too strong actually, and not specifically good for the American economy (too strong dollar).

If more countries keep buying-in into the yuan, it will weaken the dollar some bit more, and oil prices should rise even further.

Exactly brother,a weaker dollar a better market. You nailed it. And little credit to the C-in-C.

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Re: OIL PRICE HITS $48- Friday 29th April 2016 by wholexy009(op): 11:55am On Apr 29, 2016

989900B:
Not taking anything away from 'Bubu' (the middle east talks are still on, and the yuan thing too), but this is more about shale oil and ISIS oil getting off the market. And India and China's renewed thirst for oil, and some countries too.

Then the dollar is weakening, and it is expected to weaken some bit more as the year wears on; it was too strong actually, and not specifically good for the American economy (too strong dollar).

If more countries keep buying-in into the yuan, it will weaken the dollar some bit more, and oil prices should rise even further.

I agree with you absolutely; but international politicking contribute its own part too

1 Like

1 Reply

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