Daily Archives: May 17, 2023

Oil prices slip second day on U.S inventories, weak economic data from U.S. China

Oil prices fell for a second day on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China, the world’s two biggest oil consumers.

Businesses stand still, await successful May 29 inauguration

Chief executives are holding their business decisions as they  await a successful transition of power come May 29, following the uncertainty of the outcome of many litigations before the courts over the recently concluded presidential election.