Proshares Ultra Bloomberg Crude Oil ETF News

February 07, (THEWILL) The supreme court has fixed May 6, to deliver judgement on a suit regarding the disputed ownership of 17 oil wells between Rivers and Imo states. The date was reached on Monday in Abuja, shortly after lawyers representing parties in the appeal adopted their final written addresses. Rivers State through its [] The post Supreme Court Fixes May 6 For Judgement On Disputed Oil Wells Between Rivers And Imo appeared first on THEWILL NEWS MEDIA .

Crude oil inventories at Cushing, Oklahomathe designated delivery point for WTI Crude oil futures contractshave been falling for the past four weeks, reaching what could be uncomfortably low levels and pointing to a potential further upside for oil prices. In the latest reporting week to January 28, the U.S. Energy Information Administration (EIA) said that Cushing crude inventories fell to 30.5 million barrels, down by 1.2 million from the previous week. Cushing inventories are now down by 37.3 percent compared to this time of the

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The Supreme Court on Monday fixed May 6 for judgment in a legal tussle between Rivers and Imo over the ownership of 17 oil wells in their territories. Justice Olukayode Ariwoola, who led a six-man panel of justices, fixed the date after taking arguments from lawyers involved in the suit. Rivers, the plaintiff in the matter, represented by Mr Joseph Daudu, SAN, while adopting its final address asked the apex court to give judgment in favour of Rivers on the ground that historical evidence right from 1927 till date clearly indicated that the oil wells belonged to the state. Daudu drew the attention of the apex court to the boundary adjustment paper of 1976, where Ndoni and Egbema communities were confirmed to be in Rivers. He disagreed with the Attorney-General of the Federation (AGF) in his claim that adjudication of the suit on the oil wells ought not to have originated from the Supreme Court but at a Federal High Court because oral evidence ought to be taken from people in the disputed areas.

The crude oil markets have gone back and forth during the course of the trading session on Monday, after gapping slightly lower to the downside.

Saudi Arabia raised the Country''s official selling price over the weekend, a measure of the premium or discount the Kingdom will receive relative to regional benchmark oil

U.S. and Iran may soon close a nuclear deal that could take the wind out of the latest oil rally''s sails, according to traders interviewed by Reuters. The talks between Washington and Tehran resume this week, and expectations are that this would be the final round that would end with either a deal or a "nuclear crisis", according to the U.S. side. "This can''t go on forever because of Iran''s nuclear advances. This is not a prediction. It''s not a threat. It''s not an artificial deadline. It''s just a requirement…" said an unnamed official from the…

© Reuters. FILE PHOTO: The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby Melville/File Photo By Wendell Roelf and Ron Bousso CAPE TOWN (Reuters) Namibia aims to fast track the development of its first oilfield to have production by 2026 following a significant offshore discovery

The stock market was mainly higher in the first half-hour of trading Monday, trying to build on what was the year''s best week so far. Earnings steered much of the trading today.

The energy sector is poised for a lower start, pressured by weakness in the crude complex but supported by the major market indices which are set to open mixed to higher as investors await more corporate earnings reports. Markets are on alert for rate rises in both the Euro zone and the United States after […] The post Oil Prices Dip After Uplifting Iran Nuclear Talks appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Normally there''s an ebb and flow in nearly every market. But oil isn''t trading like a normal market. It''s been up for seven straight weeks and even after the weekend easing of Iran sanctions on civilian nuclear technology, the dip was extremely short-lived. Today WTI crude fell to $90.73 b

Headway on reviving a deal restricting the Opec country''s weapons development would boost crude supply

Australia shares fell on Monday as Australia and New Zealand Banking Group slumped 5% to touch a near one-year low after flagging a hit to margins and also dragged down stocks of other heavyweight lenders. The S&P/ASX 200 was down 0.4% at 7,092.5, as of 1137 GMT. The benchmark closed 0.6% higher on Friday. Banks dropped 1.3% in their worst intraday session since Jan. 27, with ANZ slumping after the lender joined Westpac in flagging a hit to margins due to stiff competition in mortgage lending and the central bank''s ultra-loose policy settings. The other lenders among the "Big Four" fell between 0.9% and 1.6%. Australia shares set for biggest weekly gain since late-December Casino operator Star Entertainment shed 0.9% after it forecast a first-half loss and said it would need to remediate employees it had underpaid over six years. Healthcare stocks retreated 1.1%, led by biotech major CSL Ltd sliding 1.2%. Sonic Healthcare and Cochlear dropped about 0.8% each. By contrast, Graincorp soared 12.9% after the agribusiness firm forecast an at least 70% growth in full-year profit, driven by global demand for Australian grain and oilseeds.

The Asian light ends markets were expected to get support in the Feb. 7-11 week from the strength in crude oil futures, with gasoline bolstered by improving driving activity and a recovering economy as concerns over COVID-19 ease. The naphtha market was seen balanced between tight supply from the West to Asia and demand softened by poor olefins margins, while

Oil and gas markets will keep an eye on the geopolitical fallout of stronger energy ties between Russia and China