USCommodity Brent Oil Fund LP ETF News

West Texas Intermediate oil futures have shed around 20% since closing at the highest since 2008 a week ago, dropping below $100 a barrel on Tuesday. That followed a tumultuous period of trading that saw prices fluctuate wildly, with intraday swings for global benchmark Brent crude eclipsing $20.

India''s wholesale inflation also quickened in February, staying in double digits for the 11th straight month amid a spike in the prices of energy, metals and chemicals following disruptions in global supplies caused by Russia-Ukraine conflict

NEW YORK, March 14 (Xinhua) - Oil prices dropped on Monday as traders monitored updates regarding the Russia-Ukraine conflict. The West Texas Intermediate (WTI) for April delivery lost 6.32 U.S. dollars, or 5.8 percent, to settle at 103.01 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery decreased 5.77 dollars, or 5.1 percent, to close at 106.90 dollars a barrel on the London IC

Portfolio managers cut their bullish bets on Brent Crude by the most in years in the week to March 8, according to data from futures exchanges compiled by Bloomberg. After Russia invaded Ukraine at the end of February, oil prices spiked to above $100 per barrel for the first time since 2014, and ran to almost $140 per barrel on Monday, March 7—the highest price since 2008, after the United States said it was in “very active discussions” with European allies to ban imports of Russian oil. Prices slumped later in the day after Europe…

BoJo Begs Saudis For More Oil As MBS Invites Xi Jinping To Riyadh To Strengthen Ties As his government prepares to spend billions of pounds to subsidize the heating bills of millions of British families, British PM Boris Johnson is reportedly planning to push Saudi Crown Prince Mohammad bin Salman to pump more oil, despite the fact that the Kingdom just beheaded 81 people, including members of the Kingdom''s Shia minority. According to the FT , BoJo is preparing for a "daunting diplomatic mission" to Saudi Arabia, where he will discuss "a wide range of issues, not just energy supply" while simultaneously criticizing Riyadh about this weekend''s "mass execution". The UK denounced the beheadings, with Foreign Office minister Amanda Milling saying the UK was "shocked" by the news. "No aspect of our relationship with Saudi Arabia prevents us from speaking frankly about human rights," Milling told the House of Commons, adding that the UK "strongly opposes" the death penalty. Of course, if BoJo has a prayer of convincing the Saudis to pump beyond their OPEC quota, he probably will need to offer some concessions to a Kingdom that''s still remembers the international backlash to the killing of regime insider-turned-dissident Jamal Kashoggi.

Oil prices have soared to their highest levels in many years due to geopolitical tensions in Europe and the Middle East. Sudden jump in production is also unlikely.

Crude oil prices are slipping from their recent highest levels. Where could we see the next support located?

Brent crude futures were last down by $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.

The Russian invasion of Ukraine has sent oil prices soaring. Even if the war comes to an end in the near-term, strategists at Wells Fargo believe the

Oil prices dropped on Monday during early trading hours after last week’s surge to $139 a barrel. Russia’s invasion of Ukraine and the ensuing American sanctions have played a central role in the rollercoaster prices. Q4 2021 hedge fund letters, conferences and more Oil Prices As reported by The New York Times, Brent oil was […]

Oil prices fell below the $110 per barrel mark early on Monday after China locked down several cities because of a surge in COVID cases and Russia and Ukraine separately signaled progress in talks that continue today. As of 7:30 a.m. EDT on Monday, WTI Crude was down 5.75% at $103.12 and Brent Crude was falling by 4.92% to $107.13. After largely remaining on the sidelines of the newsflow over the past month, COVID again returned to make headlines in China, where it originated. China locked down all 17.5 million residents in the business hub Shenzhen…

Brent crude futures fell as much as $4 a barrel and European gas prices slipped to 115 euros per megawatt hour, some 100 euros below recent peaks

Last week oil price declined to fall by about $4 a barrel after a US official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures were last down by $4.12 or 3.6 per cent at $108.55 a barrel at 0115 GMT… The post Oil Prices Slide by About $4 Per Barrel appeared first on Equitypandit .

There are plenty of upsides left in Brent crude oil prices, said Daniel Hynes, senior commodity strategist at ANZ Research, adding that volatility will continue in oil markets.

The concerns over supply uncertainty amid the escalating Russia-Ukraine conflict will continue to take center stage in the Asian middle distillates market in the March 14-18 week, keeping gasoil and jet fuel/kerosene prices elevated. At 10:00 am Singapore time (0200 GMT), the front-month May ICE Brent crude oil futures contract was at $109.62/b, down $1.67/b (1.50%) from the Asian close…