USCommodity Brent Oil Fund LP ETF News

NEW YORK CITY, New York: As Ukraine hinted at possible concessions to Russia that could ease tensions between the two countries, on February 14 oil prices eased after earlier hitting a seven-year high. Brent crude was down 81 cents, or 0.9 percent, at $93.63 a barrel by 1259 GMT, off an earlier peak of $96.16, the highest since October 2014. US West Texas Intermediate (WTI) crude fell 83 cents, or 0.9 per

Global oil prices could rise as high as $150 a barrel if the tension between Russia and Ukraine worsens, a development that has huge implications for Nigeria, Africa’s biggest oil-producing country. Brent, the gauge of Nigeria’s crude oil, has been marching upward for months as exporting countries like Libya have struggled with production problems and […]

Brent oil price faced strong negative pressure yesterday to touch 90.85 level, noticing that the …

By Adedapo Adesanya Crude oil prices eased on Tuesday on de-escalation in the geopolitical tensions as Russia said some of its military units were returning to their bases following exercises near Ukraine. Brent crude fell 0.4 per cent or 40 cents to close at $92.88 per barrel compared to 28 cents or 0.3 per cent […]

SINGAPORE : Oil prices steadied on Wednesday after retreating more than 3per cent in the previous session as investors gauged the impact of easing Russia-Ukraine tension against a taut balance between tight global supplies and recovering fuel demand. Brent traded at $93.19 a barrel at 0253 GMT, down 10 ce

* For more technical analyses, click TECH/C SINGAPORE, Feb 16 (Reuters) - Brent oil LCOc1 may fall further into a range of $89.94-$91.57 per barrel, as suggested by its wave pattern and a rising channel. The contract is riding on a wave (4), which may…

Yesterday, West Texas Intermediate touched $95 per barrel for the first time in years, and Brent briefly traded above $96 per barrel. Expectations about Brent hitting $100 per barrel are now more about ‘when” rather than “if”. Even OPEC is worried about it. Unfortunately, it seems there is little it can do as a group to prevent this from happening. “For me, being professional, I can see it happening, but I don’t want it to happen,” said Egypt’s Tarek el Molla about oil reaching $100 per barrel. “It…

NEW YORK, Feb. 15 (Xinhua) -- Oil prices finished Tuesday''s session with marked losses as traders eyed updates on the Ukraine crisis. The West Texas Intermediate for March delivery lost 3.39 U.S. dollars, or nearly 3.6 percent, to settle at 92.07 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 3.2 dollars, or 3.3 percent, to close at 93.28 dollars a barrel on the Lo

Oilprice Alert: InnerCircle members will receive the next private placement intelligence letter on Wednesday next week. Tap into a secret world of wealth and receive our 50-page whitepaper on Private Placements for free by signing up today.Chart of the Week- The price spread between spot Brent assessments such as Dated Brent and the exchange-traded ICE Brent rose to an all-time high of $5 per barrel amid ongoing geopolitical concerns. - ICE Brent backwardation, too, is mirroring the unprecedented tightness in oil markets right now, with the…

LONDON, Feb 15 (Reuters) - North Sea benchmark crude differentials stayed at record highs on Tuesday after no activity as the market absorbed a more than $3 per barrel drop in Brent futures LCOc1 . * Glencore''s GLEN.L traded oil volumes fell to…

Prices of crude oil rose by over 1.5% in overnight trade on Sunday, with Brent crude reaching another seven-year high after already breaking $95 per barrel on Friday on prospects of Ukraine invasion. …

Highlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide financial market. A significant drop in the US crude inventories has also added pressure on the supply side. Crude oil prices surged to seven-year highs on Monday on worries that a possible invasion of Ukraine by Russia could trigger US and Europe sanctions on Russia, disrupting the energy exports from the worlds top producer. Must Read: Crude oil rises on falling US crude inventories April delivery Brent Crude oil futures last traded at US$95.37 per barrel down 0.34%, whereas March delivery WTI crude oil futures traded 1.33% down at US$94.34 per barrel as of 14 February 2022 at 12:41 PM AEDT. US comments on Russia-Ukraine war The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide financial market. There is a huge possibility that Russia could invade Ukraine anytime, creating a surprise pretext for an attack.

Brent crude futures was at $95.56 a barrel by 0235 GMT, up $1.12, or 1.2 per cent, after earlier hitting a peak of $96.16, the highest since October 2014

* For more technical analyses, click TECH/C SINGAPORE, Feb 14 (Reuters) - Brent oil LCOc1 may break a resistance at $95.90 per barrel, and rise into $96.84-$97.85 range. The strong surge on Feb. 14 confirmed the continuation of the uptrend from $69.24.

As Brent crude trades for $94.44, up 1.25% in week ended The black liquid rallied 3% on Friday to trade at a price point not traded in seven years as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies. According to the White House, [] The post Despite Russia, Ukraine tussle, oil rallies for 8th consecutive week appeared first on Nigeriannewsdirectcom .