Invesco Db Oil Fund ETF News

Oil prices fell more than 5% on Monday to lowest in nearly 2 weeks amid hopes for progress toward a diplomatic end to Russia-Ukraine war, while a Covid-linked travel ban in China cast doubt on demand

WTI falls back below triple digits for the first time in over two weeks

Domestic indices fell slightly in choppy trade on Tuesday, as cooling oil and metal prices dragged energy and steelmaker stocks, with a higher-than-expected inflation reading for February denting sentiment further.

Extending gains for the sixth session in a row, the Indian markets opened marginally higher on Tuesday as oil touched two-week''s low. Benchmark Nifty 50 went past 16,900 and the Sensex added nearly 200 points, minutes into trading Get more Markets News and Business News on Zee Business.

https://www.investing.com/news/commodities-news/oil-down-as-ukraine-conflict-talks-continue-covid-cases-rise-in-china-2784567

From July the federal government will require fuel importers to maintain minimum levels of petrol, diesel and jet fuel — but despite advice from his own department, the Energy Minister denies it will push petrol prices up further.

Crude oil futures opened lower in Asian morning trades March 15 amid hopes of progress in Russian-Ukraine peace talks and as surging coronavirus cases in China shook investor confidence. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was down $3.81/b (3.56%) from the previous close at $103.09/b, while the April NYMEX light sweet crude contract…

Crude oil has taken a chill pill from its sharp uptrends. Will oil weakness lead to CAD/JPY reversing from its March highs?

During an interview with CNBC released on Monday, Deputy Treasury Secretary Wally Adeyemo argued that there’s no contradiction between the Biden administration telling oil companies to produce more while also saying that we’re going to move away from fossil fuels and

China, Oil, & The Ukraine War Authored by Peter Zeihan via Zeihan.com, Russia is finding it increasingly difficult to sell its oil in Europe and other traditional markets, as a mixture of sanctions, market pressures and consumer choice are shifting against Moscow. It’s not that Russia is barred against selling oil. It’s that shippers, insurers, and dock workers don’t want anything to do with the stuff. So where does it go? There is a persistent question – and at times, assumption – that Beijing will step in to buy up whatever crude Russia can’t sell elsewhere. Not so fast. The problem is infrastructure. The pipelines that carry oil to Russia’s Pacific loading terminal, and directly into China itself, source their crude from eastern fields. Russia’s western exports are sourced from western fields. There’s precious little in the way of connecting infrastructure between the two–meaning if Russia can’t load tankers in the Baltic and Black seas, there’s little reason to pump it at all. What does this mean for Chinese imports of Russian crude?

Move comes as similar oil tanker delivery turns back from the United States

Elevated oil prices could mean higher prices on products derived from oil — everything from tires, to roofing shingles, to plastic containers.

Inflation recently reached a four-decade high in the U.S., spiking around the world as well. Oil and gas prices have recently surged because of Russia’s invasion of Ukraine, putting further pressure on prices. Consumers are feeling pain at the pump and in the supermarket, but the effects are not felt equally worldwide. Prices of everyday […]

Russian leader has exploited our need for his country’s oil and gas for too long. We need to take back control