United States Oil Fund Lp ETF News

An Inter-Departmental meeting of the Government of India (GoI) is being held to review the impact of the ongoing Russia Ukraine crisis. The meeting will likely be continued on Saturday. The Petroleum Ministry is keeping an eye on the prices of crude oil.

This is the only thing that could prevent oil prices from surging to $150 soon, explains one top energy trader.

The local stock market closed Friday lower as it seesawed between gains and losses during the week. The main index lost 46.08 points or 0.62 percent to close at 7,342.01 as conglomerates led the retreat with Property and Mining firms holding their ground. Volume dropped to 1.33 billion shares worth P5.22 billion as losers outnumbered gainers 102 to 89 with 44 unchanged. PSEI-NEW-PHOTO-1024×683 “Philippine shares closed in the red despite the declining volatility in energy and bond markets,” said Regina Capital Development Corporation Managing Director Luis Limlingan. He noted that, “Investors continue to monitor the war in Ukraine, all the while worrying about the Fed’s bid to hike rates this March.” Philippine inflation came out better than expected for February at 3.0 percent and was able to tame some of the selling, Limlingan added. Philstocks Financial Research and Engagement Officer Claire Alviar said “The bourse fell as the conflict between Russia and Ukraine worsens… Oil prices which remain elevated as a result of the conflict fueled inflation concerns which in turn dampened investors’ sentiment.

India’s trade deficit and inflation outlook are worsening amidst this gripping crisis between Russia and Ukraine.

THIS tricky quiz is driving motorists around the bend – because many have no idea what the symbols on their car dashboard really mean. Drivers have to answer eight questions on what the different symbols commonly displayed in vehicles represent. An oil warning sign, the bonnet not being closed and a warning to check your […]

Record petrol prices mean Aussies are feeling the pinch, as a sanctions-panic ripples through the oil market

India is the world''s third biggest oil importer and relies on foreign suppliers to meet more than 80% of its demand.

DUBAI, United Arab Emirates - Victims of the Sept. 11 terror attacks have asked the U.S. government to seize Iranian crude oil suspected to be on an American-owned oil tanker…

Oil price nudging $120/bbl as demand surges.

NEW DELHI: Russian strikes at Europe''s largest nuclear plant in Ukraine whipped Rs 5 lakh crore ($66 billion) off investor wealth on Friday, with the geopolitical tension eroding about Rs 15 lakh crore ($197 billion) in fortune ever since Russia on February 15 announced a partial withdrawal of its troops from Ukrainian border only to launch a full-scale invasion later on.Data showed the BSE market capitalisation stood at about Rs 246 lakh crore on Friday compared with Rs 251 lakh crore in the previous session, a fall of Rs 5 lakh crore or $66 billion at today''s exchange rate of 76 per dollar. Only a few of analysts on the Street could anticipate the turn of events that followed after Feb 15. Since then, the Sensex has lost about 4,000 points and investors have lost $197 billion. The wealth erosion on Dalal Street was higher than Ukraine''s 2021 GDP estimated at $181.03 billion by the IMF.Oil prices, on the other hand, went near the $120 a barrel mark.On Feb 21, Russian President Vladimir Putin recognised two eastern Ukrainian regions Luhansk and Donetsk as independent states and ordered Russian troops to act as “peacekeepers”.

Risk appetite remains limited as the war in Ukraine intensifies. The price of US crude eased below the $110 per barrel yesterday then jump back above $114, on reports that smoke was visible from a nuclear power plant in Ukraine. Although the rising hope that a nuclear deal with Iran could unlock the potential of […] The post No Appetite appeared first on Action Forex .

Victims of the Sept. 11 terror attacks have asked the U.S. government to seize Iranian crude oil suspected to be on an American-owned oil tanker in Asia

India is the world’s third biggest oil importer and relies on foreign suppliers to meet more than 80 percent of its demand.

The Bank of Japan sees the rapid increase in oil prices following Russia’s invasion of Ukraine pushing inflation beyond its latest forecast, adding to the negative factors weighing on a fragile economy, according to people familiar with the matter.

Despite a supply shock in oil, rates, currency and stocks appear to be relatively calm, said Morgan Stanley''s Ridham Desai in a note