United States Oil Fund Lp ETF News

At 9.30 am, BSE Sensex was ruling at 54,938.42, down 920.10 points or 1.65 per cent. The NSE Nifty stood at 16,373.95, down 284.45 points or 1.71 per cent.

Crude oil futures is expected to rise in the week of Feb. 28-March 4 as the Russia-Ukraine crisis dominates headlines and tensions between the two escalate, fueling a strong uptick in oil prices. At 0300 GMT Feb. 28, front-month April ICE Brent crude futures stood at $101.70/b, up $3.77/b (3.85%) from the Feb. 25 settlement. Middle East Crude ** This…

After the Russian invasion of Ukraine roiled oil markets in the week ended Feb. 25, market traders in both high sulfur and low sulfur fuel oil markets remained cautious about a possible impact to Asia over Feb. 28-March 4. "Russia has been exporting less recently, and there hasn''t been too much coming to Singapore so far in 2022, compared to…

https://www.investing.com/news/commodities-news/oil-up-concerns-mount-over-potential-disruption-to-russian-supply-2773504

NEW YORK: The significant escalation of the Ukraine-Russia conflict rattled equity markets and led to an increase in global oil prices, which likely has some risk premium already embedded, Moody’s has said in its Weekly Market Outlook. The conflict will have a significant impact on economic growth in the Eastern Europe, as it is the […]

Petrol prices around the nation have already reached unprecedented heights, but more bad news has been given to Aussie drivers.

The ramp-up in tensions heightened fears that oil supplies from the world''s second-largest producer could be disrupted, sending Brent crude LCOc1 futures up $4.21 or 4.3% at $102.14.

Crude oil futures were sharply higher in mid-morning Asian trade Feb. 28 as Russia puts its nuclear deterrence force on alert following a new round of financial sanctions imposed on the country after its military advanced into Ukraine over the weekend. At 11:03 am Singapore time (0303 GMT), the ICE April Brent futures contract was up $3.76/b (3.83%) from the…

The front-month Japan naphtha swaps backwardation rose 13.64% on the day Feb. 25 to a record high, bolstered by tight Western arbitrage supply and rising crude futures. The March-April Mean of Platts Japan naphtha swap time spread widened $2.25/mt on the day to $22.75/mt at the Asian close Feb. 25, S&P Global Platts data showed. The swap spread stood at…

The country can likely increase oil production by more than 1 million a day this year, raising global production by about 1.5%.

Russian forces launched their long-feared attack on Ukraine, and the crisis keeps getting worse at every turn. According to Russia, its first day of the Ukraine invasion had achieved all its goals, with Russian forces managing to destroy 83 land-based Ukrainian targets. On the other hand, official sources have reported 203 attacks by Russia on its western neighbor on the first day. Ukraine appears overwhelmed, with the country''s defense minister urging citizens to fight back with Molotov cocktails. On Thursday, the United States, Canada, and the…

Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the bloc''s alliance with Russia amid that nation''s invasion of Ukraine. In the call, the two leaders discussed the Ukraine crisis and its impact on energy markets, according to a report carried by the official Saudi Press…

India Business News: Brace for a sharp hike in oil prices after the elections, unless the government cuts taxes to soften the blow.

Markets in Turkey are flashing warning signs that inflationary pressures are building in the developing world as oil prices spike.

Saudi Crown Prince stresses in call with France''s Macron kingdom''s keenness on the stability and balance of oil markets, its commitment to OPEC+ agreement