World Bank Predicts Lower Oil Price than Government’s Target in 2025 Budget
The Bretton Woods institution attributes this to weakening global economic growth.
Oil
Gold-for-Oil Program Suspended by Ghana’s Central Bank Boss.
BoG Governor Dr. Johnson Asiama acknowledged the setbacks, stating, “We have had to incur some losses on that, so we have put some suspension on the trade.”
Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge.
Brent crude futures edged lower 8 cents, or 0.11%, to $74.66 a barrel at 1202 GMT, and U.S. West Texas Intermediate crude fell 5 cents, or 0.07% at $70.69 a barrel.
While US Slept Today, Markets In Asia And Europe Gained As The Dollar Strengthened
In economic data, U.S. jobless claims fell to 207,000, beating estimates, while economic growth slowed to 2.3% in Q4, down from 3.1% and below expectations of 2.6%. President Trump confirmed 25% tariffs on Canadian and Mexican imports starting February 1.
Fuel Prices Drop At Filling Stations
Petrol and diesel are seeing marginal reduction after experiencing some increase in the first pricing window in December.