Culled—Proshare China’s Yuan officially enters the International Monetary Fund’s basket of reserve currencies Saturday, a telling trophy in the transformation of the Asian giant’s geopolitical status. Along with the dollar, the euro, the yen and the pound, the yuan will now be used as one of the IMF’s official lending […]
Updates
Oil price hits $50, Nigeria’s exports to rise
October 3, 2016/Punch Femi Asu Global oil benchmark, Brent crude, extended its rally on Sunday to hit the $50 per barrel mark, the third time this year. This comes as the expected return of the Forcados export terminal has helped to boost Nigeria’s planned crude oil exports this month to […]
Oil prices stable on planned OPEC cut, but current glut still weighs
October 3, 2016/Reuters By Henning Gloystein | SINGAPORE Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but still under pressure from an overhang in supply that currently exceeds consumption. International benchmark Brent crude futures LCOc1 were trading […]
