Tag: COVID-19
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Oil prices drop as US inventories jump fuels demand worries
Oil prices extends losses on Wednesday (15 February) as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate...
Oil prices dip on U.S. crude reserve release, inflation pressure
Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out...
African economies remain upbeat despite multiple shocks, says AfDB vice-president
African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for...
Oil slips on rate hike worries, Russian export flows
Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China.
March...
Oil steadies as US inventory rise counters China demand hopes
Oil steadied on Wednesday after a decline in the previous session, as a rise in U.S. crude inventories and global recession worries countered optimism...
