Proshares Ultra Bloomberg Crude Oil ETF News

Canadain energy minister with the hopeful comments

Western states are the biggest buyers of Russian crude, bringing in nearly half of the 199,000 daily barrels the US imported in 2021.

Recent developments in the Relative Strength Index (RSI) point to a larger pullback in the price of oil as it falls below 70 to indicate a textbook sell signal.

U.S. stocks fell and Treasury yields pushed higher after inflation accelerated for a sixth successive month and the Russian attack on Ukraine showed no sign of letting up. Oil declined and the dollar rose.

US Atlantic Coast gasoline prices continue to rise following the US ban on Russian crude and refined product imports as a result of its military incursion into the Ukraine. While US retail gasoline prices have reached all-time highs at $4.31/gal, prices in mid-Atlantic states are higher than the national average, according to travel club AAA in a March 10 statement,…

Equinor <> has stopped trading Russian oil as part of its plan to wind down operations in the country, joining other major European oil and gas traders

Earlier this week, the UK, US and EU announced they will phase out oil and gas imports from Russia, as a response to Putin’s invasion of Ukraine. The UK promised to completely phase out Russian energy by the end of 2022. Meanwhile, the EU, which relies on Russia for 40 percent of its energy supply, […] Brexit Britain leads break from Putin’s dirty gas with TEN new green projects across EU

The US oil and gas rig count jumped by 10 to 770 in the week ending March 9, energy analytics and software company Enverus said, as activity in the Eagle Ford Shale and SCOOP-STACK hit two-year highs. Rigs chasing oil plays totaled 599, up 12, while rigs directed to natural gas fields slipped by two to 171. Eagle Ford rigs…

Oil prices could hit $150 per barrel — but such an upward movement would depend on how much crude China scoops up from Russia, according to one strategist.

The need to develop a variety of energy sources has never been so evident. As the global reliance on a few specific oil and gas sources becomes clear, it seems obvious that we should be investing in diversifying our energy mix. But while governments are looking to expand their solar and wind power, is enough being done to develop other options that could help boost the global energy supply? Geothermal energy is one such energy source that needs significantly more funding for it to be better understood and developed so it can become a commercial…

The oil market could become even more volatile in the days ahead if Russia''s leader decides to retaliate against Western sanctions using oil as a weapon.

Oil futures declined for a second straight session on Thursday, with prices giving up earlier gains in volatile trading against a backdrop of changing headlines on the Russia-Ukraine war. West Texas Intermediate crude for April delivery fell $2.68, or 2.5%, to settle at $106.02 a barrel on the New York Mercantile Exchange, after losing just over 12% on Wednesday. The settlement was the lowest for a front-month contract since March 1, according to Dow Jones Market Data. 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.

Russian President Vladimir Putin on Thursday said that the United States and Western countries shouldn’t blame Russia and its conflict with Ukraine for high gas prices domestically. “Supplies of Russian oil, say, to the American market do not exceed 3 percent. This is a negligible amount. And their prices are growing. We have absolutely nothing […]

While February was once forecast as the peak for US inflation, now readings are set to increase to above 8 per cent, according to some economists