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USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices

USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices

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USD/CAD slips as the Canadian Dollar finds support from a rebound in crude Oil prices and favorable macroeconomic factors. China’s 90% reduction in US Oil imports has redirected more than a quarter of its seaborne demand toward Canadian shipments. The US Dollar stays on the back foot, pressured by rising political and economic uncertainty in […]

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Global Crude Price Drop, Naira-For-Crude To Lower Fuel Cost – PETROAN 

Global Crude Price Drop, Naira-For-Crude To Lower Fuel Cost – PETROAN 

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News Investigators/ The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the recent drop in global crude oil prices has sparked hopes of a corresponding reduction in petrol prices in Nigeria PETROAN’s National President, Billy Gillis-Harry, while reacting to recent development in the oil and gas sector lauded the Federal Government’s decision to

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Crude Oil Prices Plunge as Tariff Turmoil Threatens Global Energy Demand

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May WTI crude oil (CLK25) Friday closed down -4.96 (-7.41%), and May RBOB gasoline (RBK25) closed down -0.1098 (-5.07%). Crude oil and gasoline prices on Friday sank for the second day, with crude falling to a 4-year low and gasoline sliding to a 1-month low.  Tariff turmoil undercut energy prices Friday after China retaliated against

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