Benchmark Oil Price Falls Below Budget

The declining global oil price last week could destroy the Federal Government’s economic forecasts for 2019 and affect the medium-term expenditure framework (MTEF) if the trend does not reverse soon. Data from the Organization of Petroleum Exporting Countries...

Analysts Warn Oil Benchmark May Drop Below $50

Oil prices should finally break their record-breaking 12-day defeat on Wednesday morning, but analysts remain concerned that prices could fall below $ 50 a barrel. At 8:20 ET, the price of West Texas Intermediate (WTI), the US benchmark for oil pricing, stood at $...