USCommodity 12 Month Oil ETF News

US crude storage failed to build in Q1. What does this mean for oil prices and how high will they go? Click here to read about our thoughts.

OPEC + Russia crude exports are up month-over-month. Read more to see why we still believe oil and energy stocks are in the correction/consolidation phase.

Looks like U.S. crude oil prices have pulled waaaay back from its March highs! Will the Black Crack finally see some buying after hitting a short-term support?

WTI crude oil prices have surrendered recent gains, falling more than 25% from last week''s high. Lockdowns in China have tempered demand expectations as the US slowly ramps up production.

Filling stations are being urged to reduce their prices to reflect a huge drop in the price of crude oil.

If the Government thinks it came up with the correct answer for hard-pressed consumers when it lopped 20c off the price of a litre of petrol and 15c off diesel, then it should think again.

Singapore second-third quarter jet fuel/kerosene swap spread narrowed sharply by 72.42% on the week to $5.43/b at the Asian close March 16, as coronavirus-led lockdowns raised worries about a potential slowdown in China, the world''s largest importer of crude. The Q2-Q3 jet fuel/kerosene derivative spread -- an indication of near-term sentiment -- was assessed at $5.43/b at the 0830 GMT…

Indian Oil Corporation (IOC) has bought as much as 3 million barrels of crude oil that Russia had offered at a steep discount to prevailing international rates, sources said.

Since fuel costs make up about 40% of costs for airlines, costlier fuel will hit their hopes of an early recovery with the resumption of regular international flights later this month and the summer holiday season.

Ahead of the next meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), analysts have said chances are slim that the benchmark interest rate will be adjusted. The meeting, scheduled to be held next Monday and Tuesday, is coming at a time when there are concerns around inflation rate, fragile growth, rising oil prices and the impact of Russia-Ukraine conflict on the economy. Nigeria’s headline inflation increased from 15.60 percent in January to 15.70 percent in February 2022, according to the report released by the National Bureau of Statistics (NBS) on Tuesday. Analysts polled by BusinessDay expressed worry that the rising international prices of crude oil are not benefitting Nigeria due to the country’s low production level. The MPC members, at their last meeting in January, voted unanimously to maintain the monetary policy rate at 11.5 percent and keep all other parameters unchanged, due to weak growth and inflation concerns. “I expect the CBN to keep rates unchanged.

The Paris-based agency, which advises developed countries on energy policy, lowered its forecast for international oil demand for 2022, saying surging commodity prices and sanctions on Russia are expected to "appreciably depress global economic growth".

The UK wants every country to move away from using Russian oil and gas because it directly funds President Vladimir Putin''s war machine, British Prime Minister Boris Johnson''s spokesperson said

A drop in the price of crude oil to $100 per barrel from $139 recently has also soothed sentiment. India imports 85% of its crude needs. The Nifty climbed 310.40 points or 1.86% to 16,971.30 while the Sensex ended with a gain of 1,039.80 points or 1.86% to 56,816.65.

Education ordinarily is meant to provide knowledge, information, and also build the character of human beings. Educating the youth helps to develop a set of values and ideals that guide the adolescents for self-development. In Nigeria, there has been growing concern over the decline in values among adolescents and the need to empower them through education. It is beyond any iota of doubt that education is central to the development and improvement of the lives of youth globally, and as such has been identified as a priority in internationally agreed development goals, including the millennium development goals and world programme of action for the youth. Education is also important in eradicating poverty, hunger and in promoting sustained, inclusive, and equitable economic growth and sustainable development. In the face of all these benefits, Nigerian leaders seem to have forgotten the need for increased efforts towards education accessibility, quality, and affordability, which is central to global development efforts.

Oil futures rose in early trading on Thursday, recovering some of the prior day’s losses, after the International Energy Agency (IEA) said a decline in oil demand due to higher prices would not offset a shut-in of Russian oil supplies.