United States Oil Fund Lp ETF News

Oil prices have surged to their highest level since 2008 after the US said it was in talks with European allies about rolling out a ban on imports from Russia.

MUMBAI: India''s National Stock Exchange (NSE) said two key indexes stopped updating "intermittently" on Monday - a glitch that came amid sharp drops in Indian shares after oil prices spiked on fears of a ban on Russian oil. The blue-chip NSE Nifty 50 index and Nifty''s bank index were "intermittently not getting broadcasted," NSE said in a statement. "The exchange is working on resolving the issue and shall keep the members informed," the NSE said, adding that traders were still able to execute their orders normally. The exchange did not provide any further details. NSE''s rival BSE said in a separate statement it was operating normally. Several Twitter users on Monday complained about issues they were facing with tracking NSE prices. Last year, the NSE suffered an outage that shut all trading on the exchange for nearly four hours while another technical glitch in 2017 shut the bourse for five hours.

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The price of jet fuel hit an all-time high last week after a fifth round of increase this year. The airline industry decided to pass on the burden to fliers with a hike of about 20% in airfares.

Tokyo stocks dove Monday morning, with the Nikkei plunging over 3 percent, amid concerns over higher fuel costs as the United States and its European partners reportedly eye a ban on the import of Russian oil due to Moscow''s invasion of Ukraine. The 225-issue Nikkei Stock Average fell 819.24 points, or 3.15 percent, from Friday to 25,166.23, after hitting 25,006.26, its lowest intraday level si…

House Speaker Nancy Pelosi (D-Calif.) said in a letter Sunday that the House is exploring legislative options to isolate Russia, including a ban on Russian oil and energy. "Our bill would ban the…

Stocks are tumbling Monday as oil prices are soaring to the highest level in 13 years, raising fears about a further spike in inflation that could damage the global economy.

The Russian ruble was indicated 10% lower to a record low in offshore trading amid investor concern an oil embargo will crush the country’s economy.

South Korea''s military plans to provide aviation fuel from its oil reserves, and mobilize 2,390 troops and 26 choppers Monday to help contain wildfires in eastern coastal areas, the defense ministry said. The military will offer fuel enough for

Delay in Iran talks take oil prices to their highest since 2008

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Despite continuous assurances of availability of petrol by the Nigerian National Petroleum Corporation (NNPC), transport fare is steadily rising as commercial transporters resort to patronising black market operators. The NNPC, again last week, promised petrol availability in sufficient quantity after failing to fulfill earlier pledges. Unofficially petrol sells between N180 – N200 per litre in […]

Antony Blinken says US now in ‘active discussions’ with European partners but alternative sources must be found first

When rebounding oil demand began pushing benchmarks higher last year, forecasters and traders alike watched the U.S. shale patch with bated breath to see when drillers would start drilling again. Most didn''t. The ones that did were the smaller, privately held players. Public shale companies suffered a serious blow from the pandemic when growing shareholder disgruntlement combined with the unprecedented destruction of demand for oil to pressure them into a rearrangement of priorities, to which these companies appear to have stuck despite the price…

The United States and European allies are considering an import ban on Russian oil amid the conflict with Ukraine.