Uscommodity Brent Oil Fund Lp Etf ETF News

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.

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.