Proshares Ultra Bloomberg Crude Oil ETF News

Biden Blames Inflation On Putin, Big Oil And The Pandemic Friday morning, the Wall Street Journal reported that Democrats have ''lost ground'' over key issues - primarily inflation and the economy , which 50% cited as a top issue. A majority of voters, 63%, said they disapproved of Mr. Biden’s handling of rising costs , the president’s worst rating on six policy issues surveyed in the poll. Meanwhile, 4 7% of voters said Republicans were better able to handle inflation, compared with 30% who preferred Democrats . - WSJ The devastating poll comes as the White House has spent the better part of the last week rebranding inflation as the " Putin price hike ": And so, just hours later while speaking with House Democrats at their member retreat in Philadelphia, Biden laid out his case on Friday for why inflation isn''t his fault . Instead, Russian President Vladimir Putin, big oil, and the pandemic are the culprits. " Here are the facts. Democrats didn''t cause this problem, Vladimir Putin did ," Biden said.

EU leaders gathered at the Versailles palace on Friday announced a plan to improve their militaries together and for the bloc to produce its own food, energy and military hardware.

Ethnic clashes leave at least 17 people dead in Sudan''s Darfur region. Observers blame. Arab militias for launching attacks to settle land and livestock disputes. The cost of living for Ghanaians is at its highest in almost 6 years. The increasing price of basic goods such as water and oil leave families and businesses struggling. And Congolese authorities vow to clamp down on shoddy construction after a tragic accident in Kinshasa. Experts blame corruption and poor urban planning.

Not everyone is suffering from high gas prices that have spiked further with Russia’s invasion of Ukraine and the international sanctions imposed on Moscow.Some players, including the U.S. oil producers, stand to gain financially. And countries such…

Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a ban on Russian oil.

As they have across North America, gas prices have been climbing in most Northwest Territories communities in recent weeks. But some with government-set prices have been insulated from global spikes in the price of oil.

Tensions between Russia and Ukraine have sent crude oil prices to levels unseen since 2014. President Joe Biden signed an executive order this week banning the imports of Russian oil, coal and liquified natural gas. According to data from the Energy Information Agency, the U.S. imported a daily 672,000 barrels of crude and refined oil from Russia in 2021, Reuters reported . About 8% of U.S. imports of oil and refined products, or about 672,000 barrels a day, came from Russia last year, said Andy Lipow, president of Lipow Oil Associates LLC in Houston, citing figures … Full story available on Benzinga.com

The vast majority of Russia''s oil exports are purchased by Europe and China, which together account for 90 percent of the country''s total exports.That''s made it tougher for Europe to enact similar bans as the U.S. on Russian imports and lessens the…

While some industries are more directly impacted than others, the ripple effects of higher oil eventually hit every sector of the economy.

Oil prices advanced, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine.

This week''s DOE inventory update showed a larger than expected 10.6mb draw in oil and oil products. TSA checkpoint numbers pointed to a ~3% increase in passenger volume week on…

Oil prices hit a 13-year high this week

Drivers are frustrated and worried amid an “unbelievable” hike in petrol prices, but experts warn of more volatility to come as long as the war in Ukraine continues.

This decision does not risk the country’s fuel security, Australian Foreign Minister Marise Payne noted

Russia is the third largest producer of crude oil, behind America and Saudi Arabia, and the second largest exporter after the Suadis.