WTI looks to regain $38.00, still in red

WTI looks to regain $38.00, still in red

After bottoming out in the mid-$37.00s in early trade, the barrel of West Texas Intermediate has managed to pick up some pace and retake the $38.00 mark.WTI lower on glut concerns, OPEC outputCrude oil prices have accentuated this week’s softer tone in response to renewed jitters over the oil suppSee Original Article

Is there more room for Gold to rally?

Gold, the precious metal that was shunned in the past few years staged an impressive rally since late December, with momentum picking up in mid
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Prioritise forex allocation to auto industry, council urges CBN

He said it was essential that forex allocation to the sector was prioritized, since the essence of the automotive policy was to boost local capability and
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US stocks drop in early trading on oil weakness

Slide in oil prices ensured major US equity indices fell in early trading with energy stocks leading the way. At the time of writing, Dow Jones industrial Average (DJIA) was down 0.55% or 98 points. S&P 500 index was down 0.40% or 8 points. Nasdaq also traded 0.23% or 12 points. DJIA oil and gas indSee Original Article