Invesco Db Oil Fund ETF News

Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row

Oil cartel expected to stick to modest output increase while eurozone inflation is forecast to slow

Some 85% of Cypriot car buyers would select either a hybrid or electric car the next time they purchase a vehicle, and only 15% would opt for petrol or diesel, according to a European Investment Banks (EIB) survey. The second part of the 2021-2022 EIB Climate Survey explores peoples views on climate change in a rapidly changing environment. When asked about future car purchases, 85% of Cypriot car buyers say they will buy a hybrid or electric car. This figure is 70 points higher than the percentage of Cypriots who said they would buy a diesel or petrol vehicle (15%). The post Cypriots prefer hybrid or electric cars appeared first on Financial Mirror .

Crude +1525K expected in tomorrow''s official report Gasoline +1645K expected in tomorrow''s report Distillates -1492K expected in tomorrow''s report There''s been no reaction in WTI, which is trading at $88.25.The huge builds in gasoline for five weeks straight have done nothi

Energy-related exchange traded funds continued to push higher as Exxon Mobil Corp (XOM) and Chevron Corp (CVX) revealed that elevated crude oil prices are helping energy companies enjoy big gains. Among the best-performing non-leveraged ETFs of Tuesday, the SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES) advanced 4.6%, the SPDR S&P Oil & Gas [] The post Energy ETFs Rally as Exxon Reports Surging Profits on High Oil Prices appeared first on ETF Trends .

Australian shares are set to open higher; $A tops US71¢; Philip Lowe outlook speech ahead; oil slides. Follow the latest here.

Oil prices soared to a 7-year high above $90 a barrel last month, stirring expectations of a return to triple digits.

Oil prices have continued to trade close to multi-year highs and within recently established ranges on Tuesday, with front-month WTI futures undulatin

CME Group’s preliminary readings for crude oil futures markets noted open interest increased by around 4.5K contracts after two daily pullbacks in a r

When the correction is moderate, fundamentally strong stocks can be resilient. But when the correction is 10% or more nothing works. Q4 earnings season though is forcing investors to rethink

https://www.investing.com/news/commodities-news/oil-edges-higher-on-tight-supply-and-postpandemic-recovery-2753824

The International Energy Agency’s Net Zero by 2050 roadmap, issued last year, has become something of a textbook example of bad timing. Just four months later, the agency said the world needs more investment in oil exploration because of dwindling OPEC spare production capacity. Besides these mixed signals, the agency also lashed out at OPEC+ last year, accusing it of keeping the global oil supply artificially tight to keep prices high. At first glance, one might think the world’s most influential energy body, per the FT’s Tom…

An oil spill in eastern Ecuador has reached a protected area of the nation’s Amazon rainforest and contaminated a river that supplies water to Indigenous communities, Ecuador’s environment ministry said. Nearly two hectares (five acres) of a protected area of the Cayambe-Coca National Park have been contaminated, as well as the Coca River – one …

A federal court decision could hamper oil and gas companies plans to capture CO2 and store it below the Gulf of Mexico. After bidding on leases along the Gulf coast in November, ExxonMobil was expected to use the areas for carbon storage.

Oil futures climbed Monday, with U.S. prices up over 17% for the month - the largest such rise since May 2020, according to Dow Jones Market Data. Traders remained focused on the potential threat to oil supplies from Russia, which on Monday said the United States was "provoking an escalation" of the situation with Ukraine by falsely charging Moscow with preparing to invade Ukraine, according to a report from The Washington Post. West Texas Intermediate crude for March delivery rose $1.33, or 1.5%, to settle at $88.15 a barrel on the New York Mercantile Exchange. For the month, the front-month contract gained 17.2%. Prices also marked their highest settlement since early October 2014. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.