Nigeria: Oil Steadies, Stays Under Pressure On World Bank Growth Cut

15 January 2015

Oil prices recouped some early losses, yesterday, but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session.

Crude prices turned positive in the early afternoon, but failed to stage a significant rally as a weaker outlook from the Washington-based financial institution reinforced worries about sluggish growth in energy demand.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.