United States Oil Fund Lp ETF News

The key equity indices continued to trade with deep cuts in mid-morning trade. The Nifty was trading below the 16,600 mark. Auto stocks witnessed significant selling as base metal and crude prices continued their upward trajectory.

The rupee fell over 0.5 per cent, tracking lower Indian shares as the Ukraine crisis escalates, with surging oil prices hurting investors'' sentiment.

Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities.

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

Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.

What a break higher for oil prices in trading this week

In the past one week, Vedanta has outperformed the market by gaining 12 per cent on higher commodity prices including crude oil and metals as tensions between Russia and Ukraine flared up

The coordinated release of petroleum stocks, the first of its kind since 2011, is intended to "send a unified and strong message" to global markets …

Coordinated release of petroleum stocks is intended to ensure no supply shortfalls as a result of Russia’s invasion on Ukraine.

The survey was conducted before Russia invaded Ukraine, which led to an immediate spike in oil prices.

WTI Extends Gains After Huge Surprise Crude Draw Oil surged higher today on rising geopolitical tensions - and the fact that it appears Russia is having issues finding a buyer for its Urals crude (offering a record, massive $18.60 discount) - with WTI topping $100 (almost $107 intraday), amid fears that the conflict could further disrupt a tight global energy market. “Current oil price differentials are reflecting a clear unwillingness to take Russian crude,” JPMorgan said in a note to clients Tuesday, adding that “key European financiers to commodity trade houses have already begun curbing financing for commodities trades, and Chinese banks are also pulling back.” The surge in prices came despite IEA members agreeing to release 60 million barrels from global reserves. All eyes for now will be on the inventory data to see if any of the geopolitical tensions are starting to impact yet… API Crude -6.1mm (+2.8mm exp) - biggest draw since September Cushing -1mm Gasoline -2.5mm Distillates +0.4mm Crude inventories saw a huge drawdown last week (the most since September) according to API.

Oil Inventories Unexpectedly Drop by 6.1M Barrels Last Week: API

Crude oil inventories in the United States decreased by 6.1 million barrels in the week ending February 25, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. Mor…

The coordinated decision, only the fourth in the International Energy Agency’s history, comes as Russia continues Kyiv siege

Output across the region is set to barely budge this year.