Uscommodity 12 Month Oil Etf ETF News

I am hoping India is set up for an extended investment cycle similar to what we saw between 2002-2003 to 2009.

TOKYO: Japan''s Nikkei share average sank on Monday as disappointing financial results knocked down some industrial companies, while worries about a faster pace of global monetary tightening simmered in the background. The Nikkei cut some of its morning losses to end the day down 0.70% at 27,248.87, with a 0.99% drop making industrials the hardest hit sector. Heavyweight chipmakers and shippers also declined. The broader Topix, meanwhile, slipped 0.24%. Growth stocks struggled, with an index of the shares dropping 0.88%, compared to a 0.36% rise for the Topix value index. Samsung, Blue Ocean launch US stock trading during South Korean business hours Financial shares gained with higher bond yields, after a bumper US employment report on Friday raised expectations for aggressive Federal Reserve interest rate hikes. Energy shares also rose, boosted by rising crude oil prices. Despite the overall decline in the Nikkei, winners outnumbered losers 115 to 101, with nine stocks flat. "The bullish US jobs report has strengthened concern about aggressive monetary tightening, but market moves should be fairly calm until the Fed''s meeting in March," said a market participant at a domestic securities firm. "This week, the main focus should be earnings." Olympus Corp was the biggest decliner on the Nikkei, slumping 12.22%, weighed down by weak earnings.

If the United States lifts sanctions on Iran, the country could boost oil shipments, The post Oil eyes potential conclusion of U.S.-Iran talks first appeared on Trading and Investment News .

Asian refiners are broadly unfazed by the escalating tensions between Washington and Moscow as the companies do not expect any severe disruption to Russian crude trades in the region, while Russian oil makes up only a small portion of many Asian countries'' refinery feedstock import baskets with many alternatives seen available. Far East Russian crude grades including ESPO Blend, Sokol

Headway on reviving a deal restricting the Opec country''s weapons development would boost crude supply

Australia shares fell on Monday as Australia and New Zealand Banking Group slumped 5% to touch a near one-year low after flagging a hit to margins and also dragged down stocks of other heavyweight lenders. The S&P/ASX 200 was down 0.4% at 7,092.5, as of 1137 GMT. The benchmark closed 0.6% higher on Friday. Banks dropped 1.3% in their worst intraday session since Jan. 27, with ANZ slumping after the lender joined Westpac in flagging a hit to margins due to stiff competition in mortgage lending and the central bank''s ultra-loose policy settings. The other lenders among the "Big Four" fell between 0.9% and 1.6%. Australia shares set for biggest weekly gain since late-December Casino operator Star Entertainment shed 0.9% after it forecast a first-half loss and said it would need to remediate employees it had underpaid over six years. Healthcare stocks retreated 1.1%, led by biotech major CSL Ltd sliding 1.2%. Sonic Healthcare and Cochlear dropped about 0.8% each. By contrast, Graincorp soared 12.9% after the agribusiness firm forecast an at least 70% growth in full-year profit, driven by global demand for Australian grain and oilseeds.

The Asian light ends markets were expected to get support in the Feb. 7-11 week from the strength in crude oil futures, with gasoline bolstered by improving driving activity and a recovering economy as concerns over COVID-19 ease. The naphtha market was seen balanced between tight supply from the West to Asia and demand softened by poor olefins margins, while

Oil and gas markets will keep an eye on the geopolitical fallout of stronger energy ties between Russia and China

https://www.investing.com/news/commodities-news/oil-mixed-expectations-of-tight-market-remain-2758064

Saudi Aramco is the world''s top oil exporter

Aramcos decision came days after OPEC+ opted to increase its daily crude production by 400,000 barrels a day next month.

Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up

Nepal Oil Corporation has hiked the prices of petroleum products to Rs142 and diesel and kerosene Rs125 per litre. The price of aviation fuel has also been increased by Rs10 per litre while LPG prices remain the same.

By Gloria Akudoro, Abuja The Federal Government has swiftly intervened to recent fire incident at Ukpokiti Oil Field (OML 108) in Delta State, involving the Floating Production Storage and Offtake of Shebah Exploration and Production Company Limited (SEPCOL), noting that the inferno has been totally extinguished. The Minister of State for the Environment, Chief Sharon [] The post FG extinguishes SEPCOLs oil field fire, begins assessment operation appeared first on Nigeriannewsdirectcom .

China Fixes Yuan At Weakest On Record Relative To Expectations China has returned from its week-long holiday. While it is no secret that Beijing is easing (ever more aggressively, prompting fund managers to allocate capital to China at a time when the country is increasingly viewed as non-grata by both the left and right) to stabilize its slumping economy, just as the rest of the world is tightening, moments ago the PBOC underscored its commitment to keeping the yuan on a downward slope when it fixed the yuan at 6.3580. Compared to expectations of 6.3328, this was the weakest fixing on record! The weak fixing comes less than two weeks after the yuan hit a near four-year-high against the dollar on Jan. 26 while an index tracking yuan''s value against a basket of currencies (the CFETS RMB basket ) is flirting with the highest level since late 2015. It follows two months after the PBOC''s previous record low fixing vs expectations which was set on December 9 of 2021, and according to Bloomberg , "signaled a limit to its tolerance for the yuans recent advance by setting its reference rate at a weaker-than-expected level" and when Malayan Banking Berhad said that "the weaker-than-expected fix is a reminder to markets that the currency is being watched and the central bank wants to prevent appreciation bets from snowballing." Despite China''s ongoing weakness and the PBOC''s recent pivot toward easing, in the past year the yuan has been supported by strong inflows given Chinas robust exports and foreign investment in onshore bonds.