Proshares Ultra Bloomberg Crude Oil ETF News

Indian shares were marginally lower in choppy trade on Tuesday, as cooling oil and metal prices weighed on energy and steelmaker stocks, with investors'' focus turning towards the upcoming U.S. Federal Reserve meeting.

Shares of ONGC fell over 4 percent while Oil India dropped as much as 3.4 percent after international oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in Covid-19 cases. Nifty Oil & Gas fell over 1 percent with GAIL falling close to 2 percent. BPCL, MGL, Petronet fell between 1-1.25 percent.

Crude oil prices extended their decline and fell to a two-week low early on Tuesday on hopes of peace talks between Russia and Ukraine and driven by expectations of a fall in demand from China as the…

April steel long contracts were down by 2.91 per cent

“Decline in oil prices is a positive and food and are the two big inflation components that are driven by the Russia-Ukraine conflict. One can make distinction between countries that are affected directly and indirectly. There are parts of the world like Europe which imports a lot of energy and wheat etc from Russia and they are directly impacted. The rest of the world is indirectly impacted.”

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 crude oil prices fell for a second day as China imposed lockdowns in key cities amid a flare-up in Covid-19 cases. This dampened the demand outlook for energy. Russia-Ukraine negotiations are a…

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.

Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks between Russia-Ukraine, while US Treasury yields hit two-and-a-half year highs

The Nigerian Export Promotion Council (NEPC) has commenced a review of its Zero Oil Plan (ZOP) as part of the country’s aspiration to diversify its revenue sources. The post NEPC reviews zero oil plan, corporate strategy appeared first on The Guardian Nigeria News - Nigeria and World News .

By Yuka Obayashi TOKYO (Reuters) – Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in COVID-19 cases.

Ukraine’s large-scale and vibrant tillage farms are normally preparing to seed as the ground begins to thaw at this time of year.

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?