Proshares Ultra Bloomberg Crude Oil ETF News

Californians Pay Record High Gas Prices As Pump Pains Send Biden''s Approval Rating Lower Expensive crude means more pain at the pump. With West Texas Intermediate (WTI) bouncing between $90/bbl - $95/bbl, crude products, such as gasoline and diesel, will remain in an upward trajectory. According to American Automobile Association (AAA), the average price of a gallon of regular-grade gasoline in California stands around $4.719 per gallon on Wednesday, surpassing the previous record on Nov. 27 . That''s higher than the national average, which stands around $3.52 , an increase of more than 40% since the same time last year when it was $2.505 a gallon. High pump prices are driven by a number of factors, from geopolitical risk premium over Russia-NATO tensions, to Biden admin energy policies, and globally tight supplies amid an emerging demand as COVID''s effects fade. A terrified Biden administration has already orchestrated a crude dump from strategic reserves, an initiative joined by allies worldwide, but such a ploy has failed.

A stunning turnaround has given the sector confidence that - for all the urgency created by climate change - the world will need oil and gas for years and possibly decades to come.

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Crude oil prices surged 10% in the past month. Business Standard''s Puneet Wadhwa speaks to Paul Hickin, a director at S&P Global Platts, on how crude oil prices will play out in the days to come

What are the lessons from Sebi''s U-turn on splitting CMD role? What is the future of plant-based meat in India? How will crude oil prices play out in the days to come? What is Github? All answers here

Any invasion of Ukraine by Russian troops could trigger sanctions and reprisals that would disrupt the movement of fuels and impact energy security affecting buyers even thousands of miles away, analysts warned.

U.S. West Texas Intermediate (WTI) crude futures shed 67 cents, or 0.7%, to $91.09 a barrel, after sliding 2% in the previous session.

Crude oil futures were lower in mid-morning Asian trade Feb. 18, tracking the overall bearish tone in equity markets as heightened tensions in the Russia-Ukraine crisis sparked a widespread sell-off of risk assets. At 9:45 am Singapore time (0145 GMT), the ICE April Brent futures contract was down 49 cents/b (0.53%) from the previous close at $92.48/b, while the NYMEX…

U.S. shale lacks the capacity to come to the rescue of consumers battling sky-high energy prices with much more crude production, says the boss of the Permian Basin’s biggest oil explorer.

E&Ps, namely the US shale producers, are transforming before investors'' eyes. And so far, the market likes it

The direction of the April WTI crude oil market into the close on Thursday is likely to be determined by trader reaction to the pivot at $89.01.

AA survey finds high fuel prices are having ‘significant impact’ on more than eight out of 10 people in the Republic

Stocks, oil, and cryptocurrencies were all lower Thursday. The prospect of war in Eastern Europe hasn''t gone away.

Saudi Arabia is signalling it isn''t willing to pump more oil and won''t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.

Nigeria’s gross domestic product (GDP) grew 3.4 percent in 2021, the strongest since 2014. The figure is the first annual growth above 3 percent since President Muhammadu Buhari won the 2015 election. In 2014, the economy grew 6.3 percent. The National Bureau of Statistics (NBS) said this in its fourth-quarter GDP report released on Thursday. According to the report, the GDP also posted a strong recovery of 3.98 percent in the fourth quarter of 2021 — but lower than the 4.03 percent in the third quarter. “Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the Covid pandemic,” the report reads. “The fourth quarter growth indicates a steady economic recovery accounting for annual growth of 3.40% in 2021. “The Q4 2021 growth rate was higher than the 0.11% growth rate recorded in Q4 2020 by 3.87% points and lower than 4.03% recorded in Q3 2021 by 0.05% points.