United States Oil Fund Lp ETF News

U.S. equity futures slumped lower Monday, while oil prices tested fresh 2014 highs amid a broader rally in commodities prices, as fighting between Russia and the Ukraine entered its fifth day and western world leaders moved to isolate Moscow from the global financial system.

Sky News host Paul Murray says the price of oil seems to be “directly linked” to Russia’s capacity to pay for “what they are doing to the people of Ukraine”. “If the oil price is high, so too are the profits for Putin,” Mr Murray said. “It is all interlinked.”

A delegation of Ukrainian officials began talks with Russian authorities at a meeting along the Belarus border on Monday as a fifth day of intense fighting continued following Moscow’s invasion of its Eastern European neighbour.The delegation, which includes Defence Minister Oleksii Reznikov and presidential adviser Mykhailo Podolyak, is expected to focus on securing a ceasefire and the withdrawal of Russian forces.Ukrainian President Volodymyr Zelensky voiced scepticism that talks would yield…

The exclusion of Russian banks from the Swift cross-border payments system threatens to complicate commodity transactions.

Oil prices surged on Monday while equities mostly fell and the ruble plunged after world powers imposed fresh sanctions on Russia for invading Ukraine, fanning fears about a possible global energy crisis that could further stoke inflation. Read on

Russia is facing severe disruption to its exports of all commodities, from oil to grains, after Western nations imposed stiff sanctions on Moscow

Oil, grains rise; aluminium at record high, nickel up on Russian supply worries, fears of food inflation as wheat, corn, edible oil prices rally

Oil prices surged on Monday after the West imposed more sanctions on Russia, a key producer, due to its ongoing invasion of Ukraine.

MADRID (ICIS)--The Russian rouble (Rb) has lost 30% of its value against the euro and the dollar in Monday morning trading as key G7 countries announced over the weekend fresh sanctions on Russia’s…

The current geopolitical tensions and rising oil prices could hurt India’s economic growth and push inflation above the central bank’s target ceiling of 6%, according to Oxford Economics Ltd.

Feb 28 (Reuters) - Russian oil production has increased to 11.05 million barrels per day (bpd) from the start of February, up from 11 million bpd on average in January, two sources familiar with the data told Reuters on Monday. Russia has been…

Interest rates rise from 9.5 to 20 per cent as oil surges again

European markets opened in the red on Monday after an escalation in economic sanctions against Russia.

SINGAPORE (ICIS)--Oil prices jumped by more than $7/bbl in early trade on Monday after Russian President Vladimir Putin placed the country''s nuclear deterrent on high alert as western nations issued…