United States Oil Fund Lp ETF News

Boris Johnson is to travel to the Middle East overnight for talks to urge Saudi Arabia and the United Arab Emirates to step up oil production in response to the Ukraine war, Downing Street has confirmed.

Nigeria’s headline inflation rate rose marginally in February to 15.70 percent from 15.60 percent in January. The National Bureau of Statistics (NBS), in its Consumer Price Index report released on Tuesday, attributed the marginal increase to a surge in energy prices which emanated as a result of the scarcity of petrol and the ongoing crisis between Russia and Ukraine. Read also: Nigeria facing unprecedented budget deficit, surging inflation says EIU Food inflation increased to 19.69percent in February as against 17.37percent the previous month. Core inflation, which excludes the prices of volatile agricultural produce stood at 13.46 percent month-on-month, up 0.53 percent compared to 13.33 percent in January 2021. Details shortly…

Guests: Byron York, Josh Kraushaar and Jeff Mason

Forex news from the European morning session on Mar 15, 2022

U.S. equity futures edged higher Tuesday, while oil prices fell to a two-week low and Treasury bond yields climbed, as investors navigated a series of headline risks linked to China''s Covid outbreak, an intensifying war in Ukraine and the start of the Federal Reserve''s two-day policy meeting.

To secure the country’s oil supply and prevent firms from unjustly adjusting their pump prices, the House Committee…

Crude oil prices extended their decline and sank nearly 6 per cent to a touch above $100 as hopes of peace talks helped calm investors.

Egdon Resource says extending its drilling plans could provide valuable onshore oil reserves.

Gas prices are up, commutes are back, and Russian oil is under sanction. Too bad the electric vehicle industry isn’t ready to seize the moment.

“Decline in oil prices is a positive and food and are the two big inflation components that are driven by the Russia-Ukraine conflict. One can make distinction between countries that are affected directly and indirectly. There are parts of the world like Europe which imports a lot of energy and wheat etc from Russia and they are directly impacted. The rest of the world is indirectly impacted.”

Oil prices fell more than 5% on Monday to lowest in nearly 2 weeks amid hopes for progress toward a diplomatic end to Russia-Ukraine war, while a Covid-linked travel ban in China cast doubt on demand

WTI crude oil prices fell for a second day as China imposed lockdowns in key cities amid a flare-up in Covid-19 cases. This dampened the demand outlook for energy. Russia-Ukraine negotiations are a…

WTI falls back below triple digits for the first time in over two weeks

Domestic indices fell slightly in choppy trade on Tuesday, as cooling oil and metal prices dragged energy and steelmaker stocks, with a higher-than-expected inflation reading for February denting sentiment further.

Extending gains for the sixth session in a row, the Indian markets opened marginally higher on Tuesday as oil touched two-week''s low. Benchmark Nifty 50 went past 16,900 and the Sensex added nearly 200 points, minutes into trading Get more Markets News and Business News on Zee Business.