Invesco Db Oil Fund ETF News

The United States never stopped importing energy from foreign countries under President Donald Trump.

U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008.

Below are market comments from Mihir Kapadia, CEO of Sun Global Investments, on geopolitics and oil prices. Geopolitics Continues To Define Day To Day Market Movements – Oil Price Inversely Correlated To Market Sentiment “The market prediction for 2022 was muted but stable growth, however the global economies are currently experiencing a significant negative shock […]

Boris Johnson is to travel to the Middle East overnight for talks to urge Saudi Arabia and the United Arab Emirates to step up oil production in response to the Ukraine war, Downing Street has confirmed.

Nigeria’s headline inflation rate rose marginally in February to 15.70 percent from 15.60 percent in January. The National Bureau of Statistics (NBS), in its Consumer Price Index report released on Tuesday, attributed the marginal increase to a surge in energy prices which emanated as a result of the scarcity of petrol and the ongoing crisis between Russia and Ukraine. Read also: Nigeria facing unprecedented budget deficit, surging inflation says EIU Food inflation increased to 19.69percent in February as against 17.37percent the previous month. Core inflation, which excludes the prices of volatile agricultural produce stood at 13.46 percent month-on-month, up 0.53 percent compared to 13.33 percent in January 2021. Details shortly…

Guests: Byron York, Josh Kraushaar and Jeff Mason

Forex news from the European morning session on Mar 15, 2022

U.S. equity futures edged higher Tuesday, while oil prices fell to a two-week low and Treasury bond yields climbed, as investors navigated a series of headline risks linked to China''s Covid outbreak, an intensifying war in Ukraine and the start of the Federal Reserve''s two-day policy meeting.

To secure the country’s oil supply and prevent firms from unjustly adjusting their pump prices, the House Committee…

Crude oil prices extended their decline and sank nearly 6 per cent to a touch above $100 as hopes of peace talks helped calm investors.

Egdon Resource says extending its drilling plans could provide valuable onshore oil reserves.

Gas prices are up, commutes are back, and Russian oil is under sanction. Too bad the electric vehicle industry isn’t ready to seize the moment.

The fall comes amid hopes over cease-fire talks between Russia and Ukraine and as China imposed lockdown restrictions on major manufacturing regions.

(Reuters) – European stock markets fell on Tuesday, with commodity-linked shares hit by concerns about surging coronavirus cases in China, while nerves ahead of a U.S. Federal Reserve meeting this week added to the gloom.

The pan-European STOXX 600 index slipped 1.3% by 0813 GMT, with miners, travel & leisure and oil & gas posting losses between 1.4% and 3.2%.