USCommodity 12 Month Oil ETF News

Oil prices have soared to their highest levels in many years due to geopolitical tensions in Europe and the Middle East. Sudden jump in production is also unlikely.

In this article, we discuss oil predictions for 2022 and 5 stocks to watch.

Refineries in Europe are looking for alternative crude supplies as they shun Russian imports following Moscow''s invasion of Ukraine. Poland''s PKN Orlen is ramping up crude oil deliveries from Saudi Arabia and spot North Sea crude purchases following Russia''s invasion of Ukraine. "PKN Orlen reached an agreement on increased deliveries of five additional tankers from Saudi Aramco. In addition, supplies…

Crude prices posted their biggest weekly drop since November, despite hitting their highest levels since 2008 as traders assessed the damage to global supply from the war.

A barrel of oil is trading at roughly $107, while gasoline is at $4.33 on average in the United States.

Union Minister Hardeep Singh Puri on Monday informed the Rajya Sabha that nine states, including Maharashtra and Kerala, have not reduced VAT on petrol and diesel. The Petroleum and Natural Gas minister also informed the house that fuel prices have gone up by over 50 per cent in many countries but have remained stable and risen by a mere 5 per cent in India during the pandemic. "All elected representatives should be rejoicing at the fact that the prices of petrol paid by the consumer have remained steady during the period from April 1, 2020 to March 31, 2021," he told the house. Replying to supplementaries during Question Hour, he said levying of taxes is done going by the situation at that point of time and were raised at the time of the pandemic but have been reduced since. "We brought down the central excise, but nine states have still not brought down taxes. We are willing to take such steps that are necessary to control the price at the bunk. "We have reduced oil prices. We are ready to take other steps.

India is working on a currency arrangement to facilitate trade with Moscow, as the country wants to increase oil purchases at a discounted rate from heavily-sanctioned Russia.

Dow Jones futures rallied Monday, as Russia-Ukraine talks continue. The 10-year Treasury yield surged, while oil prices tumbled.

Oil prices fell by around $5 a barrel on Monday as investors pinned hopes on diplomatic efforts by Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets.

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The House Committee on Energy will convene today, Tuesday, to resume deliberations on proposals to amend Republic Act…

Indian shares look set to open higher on Monday as oil prices fell in Asian trade, continuing a downward trend from last week, amid signs that Russia might be willing to have substantive negotiations over Ukraine.

The GBP/JPY pair is grinding higher from the last few trading sessions as rising prices of the commodities such as crude oil, grains and metals are hu

Crude oil futures are expected to remain volatile as the escalating Russian-Ukraine conflict, along with Iran nuclear deal talks keep market participants on the edge. At 0200 GMT March 14, front-month May ICE Brent crude futures stood at $109.14/b, down $3.53/b (3.13%) from the March 11 settlement. Middle East crude ** Spot trade for May-loading Middle East crude is expected…

Nigeria’s inflation rate is expected to accelerate in the coming months on the back of the surge in energy prices, following the latest sanctions placed on Russian oil by the United States, analysts have said. The analysts’ comments come ahead of the release of February inflation numbers by the National Bureau of Statistics which is […]