Proshares Ultra Bloomberg Crude Oil ETF News

Stocks made a strong rebound on Wednesday, helped by positive global cues. A strong recovery in Chinese tech stocks after a brutal selloff, progress in Russia-Ukraine peace talks, and a drop in global crude oil prices boosted investor sentiment.

I don''t know who''s worse: President Putin for invading the Ukraine, killing innocent women and children, or President Biden, who commits treason, colluding with Russia and trying to broker a deal for oil with our sworn enemy Iran. Russia threatens World War III if we take action in Ukraine, while …

Stocks, Oil Tumble After Fed Signals Hike At Every 2022 Meeting, 5s10s Curve Inverts While Powell did not detail plans of the Fed''s balance sheet shrinkage which many said could be unexpectedly hawkish, the market''s reaction to the Fed''s statement indicates that it was unexpectely hawkish nonetheless - largely due to the Fed''s signaling that there will now be a rate hike at every FOMC meeting for the rest of the year - as well as a 2024 dot signaling a rate of 2.8%, up from 2.1%. And sure enough, amid this unexpectedly hawkish attack, futures are tumbling, with eminis tumbling from 4310 before the meeting to a session low of 4,240… ... yields across the curve surging higher, with the 10Y spiking to 2.2225%... ... and with the 5Y now at 2.299%, we officially have a yield curve inversion for the first time since 2006! This means that the countdown to the next recession has begun, and the market can now start pricing in the next QE. Tyler Durden Wed, 03/16/2022 - 14:41

Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the Paris-based IEA, offering a bleak picture of undersupply and uncertainty for the oil market.

Boris Johnson has declined to say whether his trip to Saudi Arabia will result in a boost to the kingdom''s oil production - as he insisted his talks about its human rights record would be "kept private".

British Prime Minister Boris Johnson held talks about energy security on Wednesday with the de facto leaders of Gulf oil exporters Saudi Arabia and the United Arab Emirates but secured no public pledge to ramp up production.

It''s time to cushion India from the same ''oil shock'' story

Boris Johnson was trying to convince Gulf States to up oil production as he tries to reduce dependence on Russian fuel.

The 2020 Presidential Election saw a candidate who was pro-alternative energy and electric vehicles get the victory. Here’s a look at how a leading oil ETF and two of the largest oil stocks have done since the election. What Happened: Joe Biden defeated Donald Trump to win the 2020 Presidential Election. The victory led to investors trying to decide which sectors could benefit from Biden’s leadership and likewise, which sectors could see a decline due to Biden’s victory. One industry expected by many to see pressure was the oil industry. Biden had been vocal about opposition to several pipeline projects and fracking. Biden also came into office as a strong … Full story available on Benzinga.com

Roger McKnight, the chief petroleum analyst at En-Pro International, says an already tight supply of crude oil has been worsened by the crisis in Ukraine, but he predicts gas prices will drop significantly in the coming days.

Republican mythmakers want you to believe Biden blocked tons of oil from the US market. But the oil is still there.

Traffic in several major cities in China has dropped considerably since the authorities imposed this weekend new regional lockdowns as part of the zero-COVID policy. The decline in traffic in Shanghai and Shenzhen has market participants and analysts concerned about the potential threat to oil demand in the world’s largest crude oil importer. Peak traffic congestion in Shanghai was down by 36 percent on March 15 compared to the same day last year, while traffic jams in Shenzhen were down by 26 percent, Bloomberg reported on Wednesday, citing…

Allegations of corruption have often been levelled against the Nigerian oil company.

Short sellers zeroed in on energy stocks last month as oil prices soared, betting that crude above $100-a-barrel would be short-lived phenomenon, according…

Imports of cheaper Russian oil could help India cushion the Ukraine war’s impact. A yuan reference for a rupee-rouble exchange float would be no sign of a ‘trade bloc’ in the making