USCommodity Brent Oil Fund LP ETF News

Brent crude oil prices, which soared past USD 100 per barrel on February 28 and touched a 14-year high of USD 139 per barrel on March 7, fell over 7 per cent on Tuesday.

Brent crude oil closed at less than $100 for the first time in nearly three weeks.

Brent oil futures finished under $100 a barrel on Tuesday, the first time it has closed below that key benchmark level since the second day of Russia’s invasion of Ukraine almost three weeks ago. Crude futures for delivery in May ended at $99.91 a barrel, down 6.5 per cent. US benchmark West Texas Intermediate dropped… Read More

Crude oil price declines extended March 15 as supply concerns eased amid spreading lockdowns in China and hopes for Ukraine-Russia negotiations could lead to a potential ceasefire. NYMEX April WTI settled $6.57 lower at $95.44/b and ICE May Brent declined $6.99 to $99.91/b. Front-month Brent last settled below the $100/b level Feb. 25. China, the world''s largest importer of oil,…

After staying above $100 per barrel for two weeks, international oil prices fell to $99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. Brent crude oil prices, which soared past $100 per barrel on February 28 and touched a 14-year high of $139 per barrel on March 7, fell over 7 per cent on Tuesday.

After a massive sell-off on Monday, oil prices continued plummeting early on Tuesday, with Brent dipping below $100 per barrel for the first time since February 28, as speculators abandon the volatile market and Russia claims it wants the Iranian nuclear deal to be signed as soon as possible. As of 8:30 a.m. EDT on Tuesday, WTI Crude had slumped by 7.61% at $95.22, and Brent Crude had dipped by 7.30% at $99.44. Brent Crude was trading below $100 per barrel for the first time this month, after hitting the triple-digit mark on March 1. Most of the…

Brent oil prices fell below $100/b ahead of the equity market open in the US Tuesday

After Russia invaded Ukraine, global oil prices experienced a dramatic spike. Just over a week ago, Brent crude leaped above $139 per barrel. Analysts warned prices could touch $185, then $200 as traders shunned Russian oil, pushing inflation even higher and adding huge strain to the global economy.

Oil Slides Under $100 After Russia Says Given "Written Guarantees" Ukraine Sanctions Won''t Impact Iran Nuclear Deal Brent prices have dropped below $100 (down $40 from a week ago) and WTI is below $95/bbl, following headlines that signal potential relief to supply woes, with Moscow saying that Russia has received "written guarantees" from the Biden administration that its trade with Iran won''t be impacted by Ukraine-related sanctions, and suggesting that negotiations which had been put on ice late last week, may resume. "They are included in the text of the agreement itself on the resumption" of the deal on Iran’s nuclear program, Russian Foreign Minister Sergey Lavrov said Tuesday, according to Bloomberg. Within the past days, talks toward restoring the JCPOA nuclear deal in Vienna were declared "paused" - after more than a week ago Russia demanded written guarantees that Ukraine-related sanctions arising from the invasion which began on Feb.24 wouldn''t impact its trade partnership with Iran.

LONDON (March 15): Brent crude futures fell below US$100 a barrel, swinging about US$40 in little more than a week.

Both WTI and Brent are back below $100 today

Brent crude drops to $100.95 a barrel. U.S. West Texas Intermediate (WTI) crude drops to $97.52 a barrel

Oil down over Ukraine hopes, FOMC Oil prices slumped again overnight in New York and have done so again in Asia today. Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations has seen Brent prices fall nearly USD 40 over the past […]

Figures showing the UK unemployment rate at its lowest level since before the pandemic were today offset by more signs of the squeeze on living standards.

Figures showing the UK unemployment rate at its lowest level since before the pandemic were today offset by more signs of the squeeze on living standards.