USCommodity 12 Month Oil ETF News

Futures in New York fell below $108 a barrel after rising 3.1% Friday following a tumultuous week that saw prices whipsaw wildly.Global markets have been in turmoil as prices of energy, metals and food soar to record highs amid widespread condemnation of Russia. A flare-up of virus cases in China is also causing some concerns about oil demand

Downing Street is backing plans for a significant expansion of domestic solar power generation and a second new nuclear power plant as part of Boris Johnson’s n

(Bloomberg) -- U.S. equity futures rose Monday amid a dip in crude oil as traders weighed inflation risks from commodity-supply disruptions triggered by Russia’s invasion of Ukraine.Most Read from BloombergUkraine Update: Russia Asking China for Military Aid, U.S. SaysU.S. Journalist Killed in Ukraine in Shooting Near KyivUkraine Update: Russia Strikes Military Center Closer to PolandRussian Official Warns Finland, Sweden Against Joining NATOMarcos Nears Bottom in Philippine Markets Poll Favorin

Having reversed from the fresh 14-year high, WTI crude oil prices stay pressured at around $105.00 during the initial Asian session on Monday. In doin

The government has made every effort to regain Iran''s oil share in the market and to increase it, Xinhua news agency quoted Mehr as saying to local media.

As per Stanley, India is impacted through three key channels such as higher prices for oil and other commodities; trade, and tighter financial conditions, influencing business/investment sentiment.

“The recovery will continue but persistently high oil prices could cause some moderation in growth,” the economist added.

The federal government is under pressure to reduce its fuel tax to ease the burden of rising petrol prices. South Australian Premier Steven Marshall has written to the Prime Minister, asking for action in the upcoming federal budget. Average unleaded prices have increased to $2.20 a litre and could reach $2.50 a litre within weeks.

As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent, raised retail inflation projection to 6 per cent and expects current account deficit to widen to 3 per cent of GDP. India is also affected by tighter financial conditions influencing business/investment sentiment.

India Business News: As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basi

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has blamed diesel scarcity on the recent clampdown on illegal refineries in the country. According to the association, the illegal oil facilities were producing diesel in manageable volumes for the market, which reduced the cost of locally produced diesel when compared to the imported product. BizWatch Nigeria understands that as of Friday, March 11, 2022, a litre of diesel was sold for N655. Continue reading Marketers Blame Diesel Hike On Clampdown On Illegal Refineries at BizWatchNigeria.Ng.

Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know. It was only a matter of time, really. Nature abhors a vacuum, and so does business. Chinese business, in addition to this, is quite pragmatic, unlike …

As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent

Read more about Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23 on Business Standard. As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent

Scott Morrison believes Australians understand why petrol prices are going up but won’t say whether there will be help in the budget at the end of the month through a cut in fuel excise. Some parts of the country are paying well over $2 per litre as a result of global oil prices spiking due […]