Brent crude prices held above $51 a barrel on Wednesday, after API data showed stocks of crude oil in the US declined by 4.8 million barrels in the week ended December 25th, marking the first fall in inventories since the week ended November 6th.
Also, the Trump administration began sending stimulus payments of up to $600 to millions of Americans on Tuesday evening, while Treasury Secretary Steven Mnuchin said the government would begin the process of mailing out paper checks on Wednesday for individuals without government-registered bank accounts. On the pandemic front, the US reported its first case of the mutant COVID-19 strain. This new strain has now been reported in at least 17 countries, according to media reports. Meanwhile, oversupply concerns grow as OPEC+ will gradually reduce output cuts from January.
Follow us on:
The CAC has removed dormant companies that failed to file annual reports for 10 years…
NEC has set a one-week deadline for Kwara, Kebbi, and Adamawa to submit state police…
Amazon may face an EU investigation over preferential treatment of its own products under the…
https://cdn.veri.app/a21afe40-c7c7-4a5c-b145-4fc72382ab4b.mp4 Senate President, Godswill Akpabio, during the night of tribute, held in honour of the…
The Kano State government has reunited 79 pardoned minors accused of looting in the #End…
Matt Gaetz has announced that he is withdrawing his name from consideration as Donald Trump’s…