Proshares Ultra Bloomberg Crude Oil ETF News

By Samuel Oyadongha & Emem Idio, Yenagoa The regulatory agencies investigating the November 5 oil spill at Oil Mining Lease (OML) 29 at Nembe, Bayelsa The post Experts link Nembe oil spill to sabotage, as Bayelsa govt kicks appeared first on Vanguard News .

There''s a strong seasonal tailwind for oil starting in mid-January and running for a few months but the first big hurdle will be rebounding from the omicron swoon. WTI has struggled to recoup the 50% retracement level at $73.72. It rose as high as $73.33 today in a one-cent rise above the prior Dece

PHILIPPINE stocks on Thursday climbed on bargain hunting after three days of decline in part after news that the country improved in the pandemic resilience ranking. The Philippine Stock Exchange index (PSEi) gained 128.86 points or 1.81% to close at 7,248.05, while the broader all shares index rose 41.23 points or 1.08% to 3,838.45. The local bourse gained as investors hunt for bargains after the market declined for three consecutive days. In addition, the Philippines improvement in Bloombergs COVID-19 resilience ranking has provided a positive sentiment as well, Philstocks Financial, Inc. Senior Research and Engagement Officer Claire T. Alviar said in a Viber message. After being at the bottom of the list for three consecutive months, the Philippines has finally inched up three spots from being the worst country to be in the time of the pandemic, according to Bloombergs coronavirus disease 2019 (COVID-19) resilience report for December. Philippine shares made a complete turnaround from Thursdays selling, closing broadly higher as investors momentarily brushed aside fears from the spreading of the Omicron variant, Regina Capital Development Corp.

While WTI is trading rather weakly, it remains well supported above $73.00 after falling to $72.20. Despite this weeks recovery from lows of $66, the oil price is likely to remain sharp in the headlines. Omicron news will remain the main driver of risk appetite. WTI prices were quite low on Thursday, with deteriorating liquidity Continued The post WTI Price Probes $73 amid Risk-on as Omicron Fear Recedes appeared first on Forex Crunch .

Petrol and Diesel Price Today in India: Currently, petrol rate in Delhi is Rs 95.41 per litre while diesel in the national capital is retailing at Rs 86.67 per litre.

Crude futures climbed more than 1% on Wednesday as investors digested a larger-than-expected decline in United States oil inventories. The US Energy Information Administration (EIA) said earlier that

Lawan The Senate has passed the 2022 Appropriation Bill. This came less than 24 hours after the lower chamber, the House of Representatives did pass the budget. Also Read: Senate Postpones Passage Of 2022 Budget The Senate raised the total estimates of the Federal Governments budget from the proposed N16,391tn to N17.126tn. The oil benchmark was []

There is renewed debate in California and other states over whether to ban offshore oil and gas drilling, two months after a ruptured underwater pipeline off Huntington Beach spewed tens of thousands of gallons of crude oil into the ocean.

Crude oil prices recovered on Wednesday morning despite word from the Energy Information Administration of an inventory draw of 4.7 million barrels for the week to December 17. At 423.6 million barrels, crude oil inventories remain 8% below the five-year averagecompared to 7% below the five-year average last week. Last weeks draw adds to last weeks huge draw of 4.6 million barrels from crude oil inventories. On Tuesday, the American Petroleum Institute estimated a crude oil inventory draw of 3.670 million barrels

Tribune News Service Jalandhar, December 22 Several protesting unemployed teachers of the B.Ed TET Pass Unemployed Teachers Union on Wednesday allegedly attempted suicide in front of the residence of Education Minister Pargat Singh. While the Cabinet minister''s home has turned into a cantonment as regular protests have been taking place outside his residence for the past over a month, teachers today took it a step further as several of them poured oil on their body in a bid to attempt suicide. While chaotic scenes were witnessed as unemployed teachers'' raised slogans against the state government, things got heated up when several of them tried to attempt suicide. Cops apprehended several teachers as they poured oil on themselves while being apprehended by the police. Teachers Sandeep Gill, Amandeep Sekha and Jagsir Singh poured oil on themselves and tried to light matches before being prevented by cops and colleagues. Two teachers who have been protesting atop a tank in Jalandhar-- Jaswant Ghubaya and Munish Fazilka -- had also threatened suicide.

December 22, 2021/CSL Research Recently, the House of Representatives passed the 2022 appropriation bill, raising the total estimates of the Federal Governments budget from the proposed N16.39trn to over N17trn. The House also increased the oil benchmark to US$62 compared with the US$57 that was proposed by the executive, while [] The post House of Reps Pass 2022 Budget appeared first on .

Sri Lanka plans to settle $251 million in oil import dues owed to Iran by bartering tea, a Sri Lankan minister said on Wednesday, amid dwindling foreign reserves. The post Sri Lanka to settle $251 million oil import dues to Iran by bartering tea appeared first on ONLANKA News - Sri Lanka News - Latest Breaking News from Sri Lanka .

U.S. West Texas Intermediate crude futures edged up 37 cents, or 0.55 per cent, to $71.49 a barrel at 1050 GMT after jumping 3.7 per cent on Tuesday

By Chinyere Joel-Nwokeoma It is no longer news that oil price shocks have negatively impacted the countrys revenue over the years. The dwindling revenue from oil was compounded by the coronavirus pandemic, hence the managers of the economy had to creatively think of how to boost the countrys revenue for growth and development. The federal [] The post Harnessing Non-oil Exports to Diversify Nigerias Revenue appeared first on Daily Asset Online .

JAKARTA: Malaysian palm oil futures extended gains to a second session on Wednesday, tracking gains in rival oils and crude oil prices. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.16% to 4,435 ringgit ($1,054.70) in early trade. On Tuesday, it gained 2.21% in its best session in two weeks, buoyed by concerns of harvest being disrupted by floods in Malaysia and an import tax cut by key buyer India. The contract gained 0.48% in overnight trade. Fundamentals Dalian''s soyoil contract for May delivery rose 1.78% while its palm oil contract gained 2.22%. Soybean oil prices on the Chicago Board of Trade for May delivery were up 0.39%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices rose again as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth.