admin, Author at EmeraldBay Trading

Petrol prices set to rise again as global crude oil market surges

Barely three days after an upward review of petrol pump prices, Nigerians may soon contend with another increase as international crude oil prices continue their upward trajectory. Nigeria’s Bonny Light crude climbed to $70.30 per barrel, up from $64 per barrel recorded last week, marking an increase of about 10 per cent and the highest price level so far this […]

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WTI declines to near $64.00 despite elevated geopolitical risks

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West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium. Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never

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Oil Price Rises to $68 per Barrel, Highest in Four Months

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Crude oil price rose to $68 per barrel on Thursday, the highest since September 2025. Brent crude, the global oil benchmark, rose by 2.24 percent to $68.88 at 12.40 WAT, while US West Texas Intermediate rose by 1.9 percent to $64.41 a barrel. According to Reuters, oil prices are climbing due to growing fears that

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5 High-Flying Energy Stocks Trouncing The Markets

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By Alex Kimani – Jan 28, 2026, 6:00 PM CST Last year, the energy sector emerged as one of the notable laggards in an otherwise red-hot U.S. stock market. The sector notched a respectable, but below-market, return of 7.9%, falling to match the 16.4% gain by the S&P 500 in large part due to a

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Oil prices rise after Trump says a ‘massive Armada is heading to Iran’

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Crude oil prices rose Wednesday, after President Donald Trump warned Iran that a “massive Armada” is heading in its direction and time is running out to make a deal on its nuclear program. Global benchmark Brent rose 83 cents, or 1.23%, to close at $68.40 per barrel. U.S. crude oil gained 82 cents, or 1.31%,

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Oil prices fall 3% after Trump says ‘killing has stopped’ in Iran

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Oil prices fell more than 4% on Thursday, after comments from U.S. President Donald Trump eased market speculation that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, lost 4.13%, or $2.75, to $63.77 a barrel. Front-month West Texas Intermediate crude lost $2.65, or 4.27%, to trade at $59.37

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Geopolitical Risk Pushes Crude Oil Prices Higher

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February WTI crude oil (CLG26) on Wednesday closed up +0.87 (+1.42%), and February RBOB gasoline (RBG26) closed up +0.0039 (+0.21%). Crude oil and gasoline prices extended this week’s sharp rally today, with crude climbing to a 2.5-month high and gasoline posting a 5-week high. Fears of an escalation in tensions in Iran, which could disrupt

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Oil prices rise as protests in Iran escalate

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Oil prices rose early on Friday as protests in Iran continued to escalate, unnerving market participants that one of the biggest oil producers in the Middle East could see supply threatened. Both the WTI and Brent benchmarks traded about 0.7% higher as of 8:05 a.m. ET, as the market assessed potential risks to supply from

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Saudi Aramco Launches 98‑Octane Gasoline at SR2.88 per Liter

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Aramco Saudi Aramco has introduced 98-octane gasoline at SR2.88 per liter, expanding consumer fuel choices and diversifying the company’s product portfolio, according to Saudi Gazette. The step marks a significant milestone toward broadening consumer fuel choices and diversifying the company’s portfolio, while ensuring existing products remain unaffected. In the first phase, Saudi Aramco will introduce

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‎Oil rises, set for 3rd weekly gain on supply uncertainty

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Oil drilling rigs Oil prices rose on Friday, heading for a third consecutive weekly gain, amid uncertainty over future supplies from Venezuela and escalating geopolitical tensions in Europe and the Middle East. March Brent futures climbed about 0.75%, or 48 cents, to $62.47 a barrel by 09:08 am KSA time. February WTI futures also gained

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