oil price

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.…

Global oil benchmark, Brent crude, hit a 28-month high on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown. Brent, against which Nigeria’s crude oil is priced, rose by $2 to…

The U.S. dollar won a reprieve from risk aversion on Monday after North Korean Kim Jong Un held a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries. In commodity markets, gold…