Oil prices bearish on IEA warning

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Crude oil prices record gains after tropical storm hit Gulf of Mexico, The world's biggest oil hedge program underway, crude oil, Nigeria's Crude oil, Bonny light crude oil crashes as Nigeria runs into deeper revenue crisisBonny light crude oil crashes as Nigeria runs into deeper revenue crisis, Brent crude futures gained 0.92%, at $36.08 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures also gained 0.54%, at $33.67 a barrel, Crude oil prices hit $40 per barrel as inventory build-up declines, EIA increases Brent price projection by $2.50 for 2020Oil prices are down by over 1% towards the start of the London session after the International Energy Agency (IEA) warned that demand growth for crude and its products have declined sharply as surging COVID-19 cases worldwide may force governments to head back to imposing lockdown restrictions. Brent crude futures, the global benchmark for oil […]

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