Crypto and Oil Markets
Commodities Oil prices were down on Friday as investors considered an expected rise in OPEC+ supply starting in October and a more modest US interest rate cut in September, following data showing strong consumer spending. This came despite oilfield closures in Libya. On the same day, Libya’s National Oil Corporation said that recent oilfield closures […]
Crypto and Oil Markets
Commodities Oil prices experienced a decline of over 1.5% on Wednesday for both Brent crude and WTI, supposedly driven by ongoing concerns about weakening demand in China and the heightened risk of a broader economic slowdown. Nevertheless, potential supply disruptions from the Middle East and Libya helped limit the extent of the price drop. As […]
Weekly Market Review: Vol. 110
Prologue The recent shift in the Debt Management Office’s (DMO) strategy, evidenced by the undersubscription of Nigerian Treasury Bills (NTBs) and reduced offers at the Federal Government of Nigeria (FGN) Bonds auction may signal a significant move in the government’s approach to managing public debt and capitalising on market conditions. The DMO also opened a […]
