Proshares Ultra Bloomberg Crude Oil ETF News

The Biden administration stands ready to deploy its tools to address the latest increase in oil prices, a spokeswoman for the National Security Council said this week. "We continue to work with producer and consumer countries and these steps have had real effects on prices and ultimately tools continue to remain on the table for us to address prices," Emily Horne said, as quoted by Reuters. "We will continue to monitor prices in the context of global economic growth and engage our OPEC+ partners, as appropriate." Horne also said. Last year,

The Iraq-Turkey oil pipeline is reportedly said to restart soon, Bloomberg reported, citing a Turkish official. The official said the pipeline flow wi

Oil buyers hoping to hold a topside breakout this week

We still have tools at our disposal to deal with rising oil prices and will engage OPEC as needed, said White House (WH) Spokesperson, per Reuters.

Little is known about the cause, but an explosion at a pipeline connecting Norther Iraq and the port of Ceyhan in the Mediterranean has taken 450kb/d of supply offline in an already

The report is here: MOMR January 2022 (PDF) In summary: OPEC expects the oil market to continue to be well supported this year, citing robust demand said once again that the impact of the omicron variant is projected to be mild and short-lived (on oil demand, not your health ;-) )

''Shale'' is the one word that explains almost everything that''s happened in the global oil market in the past decade. It was a revolution in oil production that made the US an energy superpower once again. The ability to horizontally drill and frac oil made for massive finds in the US. Tha

Stocks markets are turning back into risk off mode with US futures pointing to sharply lower open. Yen managed to reverse earlier losses and trading generally higher. Canadian Dollar is also firm as supported by extended rally in oil prices. Dollar is following with some lift by rising treasury yields. On the other hand, Sterling [] The post Yen Reverses Losses on Risk-off Sentiment, Dollar Supported By Yields appeared first on Action Forex .

With petrol and diesel already close to highest ever prices, driving costs could rise again Britains hard-pressed households face a fresh threat to their living standards after fears of Middle East supply disruption sent the price of oil surging to its highest level in seven years. With the cost of petrol and diesel already close to their highest-ever level in the UK, the cost of driving is set to rise again after a jump in oil prices to almost $88 (£65) a barrel. Continue reading

The government has defeated a legal challenge brought by environmentalists who argued that continued North Sea oil and gas production was unlawful.

Global oil prices surged to a seven year high Tuesday as investors reacted to a deadly attack on oil facilities in the middle east, rising political tensions between Russia and the Ukraine and near-term bets on post-pandemic energy demand.

The Canadian dollar inched higher supported by rising oil prices. The pair has given up all gains from the December rally above the daily resistance at 1.4550. Sentiment is struggling to turn things around. The RSIs double bottom in the oversold area attracted some buying interest over the critical support at 1.4235. The bulls will [] The post EUR/CAD Tests Major Floor appeared first on Action Forex .

International benchmark Brent crude was trading at $87.75 on Tuesday at 11 a.m. in Abu Dhabi, its highest level since 2014.

https://www.investing.com/news/commodities-news/oil-up-over-mideast-tensions-tight-supply-2740774

Amid holiday-thinned trading conditions with US markets shut for MLK Day, oil prices have been broadly stable on the first trading session of the week