Breaking News
Crude oil

Oil Prices Rise As China Plans To Buy 20million Barrels From U.S.

WTI crude futures rose to trade around $42.2 a barrel on Monday, after reports that China plans to ship at least 20 million barrels of US crude for August and September.

Putting a lid on prices were concerns that a recent spike in global coronavirus infections could stall recovery in fuel demand.

Investors now await for a meeting of a panel representing ministers of the OPEC+ later this week. The meeting of the panel has been pushed back to August 19th, a day later than previously planned.

About Babajide Iletogun

Check Also

Buhari Directs Incorporation Of NNPC LTD, Appoints Board

Oluwasina Phillip President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed …

Leave a Reply