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barrel

Energy

Interest rates, strong dollar caps oil at $90 a barrel

Brent crude dipped on Wednesday ahead of a meeting of the OPEC+ ministerial council, as the market weighed expectations for tighter supply against concerns that high-interest rates could dampen fuel demand. Crude futures fell 18 cents, or 0.2 percent, to…

NewsDirect
October 5, 2023

Energy

OPEC daily basket price now at $101.04 per barrel

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as at Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC…

NewsDirect
September 2, 2022