Uscommodity 12 Month Oil Etf ETF News

Russia is the second largest exporter of crude oil after Saudi Arabia.

Even if OMCs are not made to share any under-recovery, the continued pricing intervention would make it utterly difficult to divest government''s stake in BPCL, Motilal Oswal said in its report

The partially convertible rupee opened at 74.6820 per US dollar as against 74.5050 per US dollar at the previous close. So far in the day, the rupee moved in a band of 74.7120-74.8100 against the greenback.

Russia is a major producer of aluminium and nickel

A sustained foreign fund outflow, a lacklustre equities trend, and elevated crude oil prices weighed investor sentiment.

In an interview with CNBC-TV18, Jahangir Aziz, Head of Emerging Markets Economics Research & Commodities, JPMorgan, said that oil prices could cross $100 per barrel in the face of a geopolitical shock. Aziz also cautioned that one cannot underestimate the impact of financial sanctions. He explained that in case the US considers any move to be an act of invasion of Ukraine, extreme sanctions may be imposed.

Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.

The US Navys Mideast-based 5th Fleet announced the launch of a new joint fleet of unmanned drones with allied nations to patrol vast swathes of the regions volatile waters as tensions simmer with Iran.Vice-Admiral Brad Cooper, who leads the 5th Fleet, told Associated Press that 100 unmanned drones, both sailing and submersible, would dramatically multiply the surveillance capacities of the US Navy, allowing it to keep a close eye on waters critical to the flow of the global oil and shipping

Australian shares fell on Tuesday as tensions between Russia and the West grew after Moscow recognised two breakaway regions in eastern Ukraine as independent, while supermarket chain Coles Group jumped after beating estimates for first-half profit. The S&P/ASX 200 fell 1.1% to 7,150.8 by 2350 GMT after closing 0.2% higher in the previous session. Trading was thin due to a US holiday on Monday. Russian President Vladimir Putin on Monday recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian Army to launch what Moscow called a peacekeeping operation into the area, upping the ante in a crisis that could unleash a major war. Australia shares end higher on Ukraine summit plan; AGL soars Australian technology stocks slid 3.4% to lead the drop among blue chips and were on track for a fourth straight session of losses. Block Inc''s Australian shares hit a record low, falling as much as 6.2%, and the stock was the top drag on the sub-index. Xero Ltd fell 2.9%.

Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.

With crisis deepening after latest Russian move in eastern Ukraine, oil jumped to a seven-year high on Tuesday.

The Nigeria LNG Limited (NLNG) says its not fraudulent regarding export of liquefied natural gas outside the shores of the country. Andy Odeh, the companys General Manager, External Relations & Sustainable Development ,gave the clarification against the backdrop of recent online report which linked the company to illegal shipment of over $1billion oil to United []

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ANALYSIS: Price of oil, wheat and aluminium rise and share futures fall, but markets appear to be hesitant over pricing-in significant sanctions.

LONDON : Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a surge in Iranian exports.Nervousness of possible disruption of exports from major oil producer