Topline The stock market moved lower on Monday after oil prices briefly hit more than $130 per barrel overnight—the highest level since July 2008—as the escalating conflict between Russia and Ukraine ...
Tag: Oil
Oil Tanker Stocks Extend Rally Despite U.S. Talks Of Banning Oil Imports From Russia
Oil tanker stocks like Euronav, Frontline and International Seaways have all surged more than 20% this year. Getty While Russia’s oil exports are crashing and Secretary of State Antony Blinken said ov...
U.S. Oil stocks up as WTI hits 14-year high
The iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is up more than 1.0% this morning after the war in Ukraine had the U.S. crude oil hit $130 a barrel on Monday. U.S. oil stocks are...
Sanctions Will Weigh Heavily
Vladimir Putin. (Photo by Sasha Mordovets/Getty Images) Getty Images Russian aggression has called forth a powerful reaction from the United States and its allies. Many on both sides of the Atlantic a...
Russian Ruble Crashes Further Against Bitcoin As Oil Sanctions Loom
Russia’s ruble sank 26% to a record low against Bitcoin on Monday, extending losses as the United States said it was mulling sanctions on Moscow’s oil exports. One Bitcoin is now worth over 5 million ...
Occidental Petroleum Stock Spikes. 3 Reasons for the Jump.
Text size Shares of Occidental Petroleum are up nearly 90% over the past 12 months. Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons for the mov...
Bitcoin and oil compared- The Cryptonomist
The unexpected rises As the crisis in Ukraine unfolded, the world’s stock markets took a downward turn and so did most currencies. However, some surprises have come from unexpected sectors, including...
Occidental Petroleum Stock Spikes. Here Are the Reasons Why.
Text size Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons why. First, oil prices were surging Monday on supply fears as the U.S. and its allies...
Oasis Petroleum and Whiting Are Close to Merging: Report
Text size David McNew/Getty Images Oasis Petroleum and Whiting Petroleum could announce an all-stock merger early this week, The Wall Street Journal reported. A combination of the rival North Dakota s...
European stocks pounded as oil spikes on possible ban on Russian imports
European stocks careened lower on Monday on the threat of further sanctions against commodities production giant Russia over its invasion of Ukraine. The Stoxx Europe 600 SXXP, -2.63% slumped nearly 4...
Global Stocks Slump, Oil Prices Touch 14-Year High As Russia Intensifies Attack On Ukraine
Topline Global stock markets continued to be roiled by the deepening conflict in Ukraine while global crude oil prices briefly hit a 14-year high after Washington indicated that a ban on Russian oil i...
Rupee Sinks to Record With Stocks as Ukraine Crisis Boosts Oil
Reuters Videos Drone footage shows ongoing wildfire in South Korea STORY: The government issued a natural disaster alert after a wildfire broke out near the Hanul Nuclear Power Plant in the eastern co...
Asian markets tumble as oil prices shoot higher amid calls for more sanctions against Russia
TOKYO — The price of oil jumped more than $10 a barrel and Asian markets were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent c...
Oil Shock Risks Becoming ‘Nightmare’ for India’s Central Bank
(Bloomberg) — The Ukraine war’s impact on global supply chains could force India’s central bank to raise its inflation forecast, but may leave little scope for it to tighten monetary policy amid...
$110 Oil Prompts Private Shale Firms To Open The Taps
When rebounding oil demand began pushing benchmarks higher last year, forecasters and traders alike watched the U.S. shale patch with bated breath to see when drillers would start drilling again. Most...
U.S. In ‘Active Discussions’ To Ban Russian Oil, Blinken Says
Topline Secretary of State Antony Blinken said Sunday the U.S. is discussing an import ban of Russian oil, which would be the latest and among the most significant U.S. actions to cut off Russia’s eco...
U.S. stock futures sink Sunday as U.S. and its allies consider ban on Russian oil imports
U.S. stock-index futures fell sharply after trading began late Sunday, as investors remain rattled by the ongoing war in Ukraine. Dow Jones Industrial Average futures YM00, -0.95% slid more than 300 p...
Dow futures fall 300 points as oil prices spike to 13-year high on Russia-Ukraine war
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 2, 2022. REUTERS/Brendan McDermid Brendan McDermid | Reuters U.S. equity futures fell Sunday evening as ...
How to know when oil prices will cause a recession, what to invest in
With the national average for a gallon of gas hitting its highest price since 2008 and the stock market on edge with the first land war in Europe since WWII being waged by one of the world’s big...
Elon Musk Says Russia’s War Means More Oil Production Needed Now
(Bloomberg) — Elon Musk says more fossil fuel production is needed now, even if it’s bad for his electric car company, Tesla Inc. Most Read from Bloomberg “Hate to say it, but we need to increas...
White House Weighs Ban on Russian Oil Imports as Congress Fumes
(Bloomberg) — The Biden administration is weighing a ban on U.S. imports of Russian crude oil as Congress races toward passing such a restriction to punish the Kremlin for its invasion of Ukrain...
History Suggests Oil Shock Raises Probability of U.S. Recession
(Bloomberg) — Historically, a surge in crude-oil prices of this magnitude have ended U.S. economic expansions and tipped the U.S. economy into recession, according to Pictet Asset Management. Mo...
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’ – Economics Bitcoin News
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce ...
Top shale oil boss warns US can’t replace any Russia shortfall
The head of the US’s biggest shale oil operator said the country would be unable to replace crude supplies from Russia this year, even as he backed calls for a global embargo on its energy exports. Sc...