USCommodity Brent Oil Fund LP ETF News

OPEC+ producers are likely to maintain the current policy of 400k BPD monthly hikes, according to sources. However, the upcoming meeting will be more complex than the previous confabs given recent/ongoing major events: Russia''s invasion of Ukraine, progress on the Iranian Nuclear Deal, and Brent sustaining above USD 100/bbls. Looking at where the group stands. OPEC-13 members are in something of a sweet spot with regards to the oil price, not being involved in a war, and as Russian crude looks less attractive. Conversely, the group faces the prospect…

Take a look at some ETFs that can benefit from the latest rally in oil prices due to intensifying situations between Russia and Ukraine.

Oil prices rallied early on Tuesday, with the U.S. benchmark WTI Crude topping $100 a barrel for the first time since July 2014, as the market scrambles to assess the potential loss of supply from Russia after the SWIFT ban for Russian banks over Putin’s invasion of Ukraine. And the geopolitical premium over the war in Ukraine is even higher than current oil prices, according to Goldman Sachs. As of 9:26 a.m. ET on Tuesday, WTI Crude was rallying 5.10% at $100.86, and Brent Crude was trading above $103 per barrel, up 5.34% at $103.51, as…

LONDON: World oil prices jumped Tuesday with WTI crude hitting a fresh 2014 peak, as traders fretted over fallout from key producer Russia’s invasion of Ukraine. New York’s West Texas Intermediate (WTI) soared as high as $101.53 per barrel in early afternoon deals. Brent leapt to $104.60, approaching its 2014 peak of $105.79 that was struck last Thursday as Russia launched its assault on Ukraine. “Traders and investors are increasingly worried about the impact of the Ukraine crisis on Russian oil and gas supplies,” Interactive Investor analyst Victoria Scholar told AFP. “Brent crude looks as though it could break above […] The post Ukraine Crisis: Oil prices jump first appeared on Home - News Pakistan TV .

Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $102 per barrel on Tuesday.

OPEC+ Preview: A "More Complex" Meeting On Deck Submitted by NewsSquawk OPEC+ producers are likely to maintain the current policy of 400k BPD monthly hikes, according to sources. However, the upcoming meeting will be more complex than the previous confabs given recent/ongoing major events: Russia''s invasion of Ukraine, progress on the Iranian Nuclear Deal, and Brent sustaining above USD 100/bbls. Looking at where the group stands. OPEC-13 members are in something of a sweet spot with regards to the oil price, not being involved in a war, and as Russian crude looks less attractive. Conversely, the group faces the prospect of Strategic Petroleum Reserve (SPR) releases alongside Iranian oil legally entering the market, which would provide less of an incentive to open the taps beyond the pact. All in all, the path of least resistance is seemingly for OPEC* to continue with the current hike plan whilst stressing flexibility. RUSSIA-UKRAINE: The threat of energy export sanctions on Russia and the subsequent shortfall other producers must pick up may get discussed.

New Delhi: Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $102 per barrel on Tuesday. The rise in crude oil prices comes after negotiations failed to resolve the Russian-Ukrainian conflict. The Brent-indexed crude oil prices had risen by 5 per cent to over $98 per barrel on Monday. […]

For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices

Sunday, Goldman raised their one-month Brent oil price forecast to $115, and Tuesday Morgan Stanley lifted their Q2 Brent forecast to $110 from $100, citing a geopolitical risk…

The prices of crude oil jumped on Tuesday as the tensions between Russia and Ukraine continued to escalate, with western countries pushing efforts to isolate Moscow in every way possible. The price h…

KUWAIT, 1st March, 2022 (WAM) -- Kuwaiti oil price rose by US$2.08 to US$98.13 per barrel (pb) on Monday, compared with Friday''s $96.05 pb, state news agency KUNA reported Kuwait Petroleum Corporation (KPC) as saying on Tuesday. In the world market, the Brent crude went up by $3.06 to $100.99 pb, and West

BRENT CRUDE OIL FUTURES RISE $4 TO $101.97 A BARREL …

Mining stocks help FTSE 100 eke out a gain as Brent crude nears $100 a barrel, while Shell is steady after abandoning its stake in Russian energy giant Gazprom.

Shell announced on Monday it will cut ties with the Russian state-owned energy giant Gazprom. The move follows a similar decision from BP, which on Sunday said it will sell it''s shares in Russian-state firm Rosneft. The back-to-back announcements signal that even though Western countries have not sanctioned Russian energy firms, businesses no longer see operation in Russia as a safe investment. Gazprom''s and Rosneft''s London-listed stocks suffered major losses on Monday, losing 42% and 53%, respectively. "We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security," Ben van Beurden, Shell''s chief executive, said in a statement . The company will also end its investment in the Nord Stream 2 gas pipeline. Last week, Germany, which would receive Russian gas through the pipeline, announced it is suspending the planned operation . Shell will also sell its 27.5% stake in the Sakhalin-II liquefied natural gas facility, and its 50% stakes in two Siberian oil ventures.

Oil prices continue to trade near $100 a barrel amid ongoing fears that Russia sanctions will lead to major disruption to energy supplies.