United States Oil Fund Lp ETF News

If Nigeria can overcome its production issues, it might earn N66 billion per day from oil, the highest it has in the last seven years. The prospect of |

YENAGOA A fresh oil spill has been reported at the Oil Min­ing Lease (OML) 59 op­erated by Conoil Produc­ing Limited around the Angofield, near Tamazu settlements in Koluama Clan in the Southern Ijaw Local Government Area of Bayelsa State. It was gathered that the spill incident occurred from the indigenous oil firms wellhead 1 []

Abu Dhabi National Oil Co. set the March official selling price for its flagship Murban crude oil at $85.11/b, up $10.75/b from $74.36/b for the February OSP, the company said in a Feb. 4 pricing letter. The increase in the Murban OPS comes after OPEC+ decided on Feb. 2 to hike its oil production ceiling by 400,000 b/d for March

The weekly oil open will be the spot to watch after the Biden administration took a step towards thawing relations with Iran. A group of nations are in what looks like the final stretch of negotiations towards reviving the Iran nuclear deal. The US restored a waiver that that had been

Stocks were mixed Friday as markets weighed a surprisingly good US jobs report against concerns over tighteningmonetary policy, while oil prices pushed closer to $100 a barrel.

Geopolitical risk premium stays on

MIAMI: A court in Venezuela has upheld long prison sentences for six American oil executives detained in the South American country on corruption charges for more than four years. Venezuela''s supreme court announced the ruling late Friday (Saturday in Manila), disappointing family members who had hoped the surprise decision last fall to hear the appeal, and a recent jailhouse visit by a top State Department official, signified President Nicolás Maduro''s government was looking to release the men as part of a gesture to engage the Biden administration in talks over US sanctions.

Gas prices price in America has risen and risen sharply recently. One year ago, according to AAA, the average price of a gallon of regular gas was $2.46. The number is now $3.44 and most days moves upward. There are several causes of high gas prices. The primary factor is oil prices. State gas taxes []

Driving has become much more expensive recently at least compared to the last several years. The average price of a regular gallon of gas nationwide is $3.44, up from $2.46 a year ago. In two states–California and Hawaii–the price is above $4.00. As the price of oil surges toward $100, the price of gas will […]

Oil and gas was the stock market''s standout sector performer again this week, with the top energy ETF (XLE) +5%, as a severe winter storm in Texas added to a host of global supply

January payroll gains and wage growth point to economic vigor but fuel further inflation concerns. Plus, market newsletter commentary on higher oil prices, small-caps allure, high-quality stocks, and the yield curves message.

While everyone is criticizing Russia, it’s easy to follow the US ‘savior’ narrative. However, what if we looked at what’s happening with oil in mind?

As international crude oil prices rally to above $92 per barrel, U.S. gasoline prices continue to surge and hit the highest since September 2014 on Friday, when the national average price of a gallon of regular gasoline was $3.423, AAA data showed. Gasoline prices in America continued to rise for a sixth straight week, after last week the national average was $3.366 a gallon on January 31. On February 4, the average price in every state in the United States was above $3 per gallon, including in Texas, Mississippi, Arkansas, and Alabama, which traditionally

The growth of the economy post-COVID-19 is a vital policy focus for the government and policy planners. Diversifying the economy from oil and gas to other sectors can drive sustainable growth, increase revenue sources and create job opportunities for youths have been the top agenda for successive governments in Nigeria. The unique and multi-cultural structure []

WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday. Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply disruptions and continue to inflate oil prices for the seventh consecutive week, when the price advanced over $20 or nearly [] The post WTI Oil Rally for the Seventh Straight Week on Geopolitical Tensions and Supply Fears appeared first on Action Forex .