Oil Soars, Airlines Stall: ETF Traders Eye War-Driven Pairs Trade
As oil surges on Middle East tensions, airline ETFs slide while energy funds gain —fueling a tactical long-energy, short-airlines trade.
Saudi Energy Minister Says OPEC+ Decisions Not Politicized And Based On Market Fundamentals
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, reportedly said on Monday that decisions by the Organization of the Petroleum Exporting Countries and its allies
US To Release 26M Barrels Of Crude Oil From Strategic Petroleum Reserve
President Joe Biden’s administration said on Monday it is reportedly selling 26 million barrels of crude oil from…
Oil Trades Mixed After China Posts Weakest Economic Growth In Half A Century
Oil prices were mixed on Tuesday following China recording its weakest economic growth in about half a century, while reversal from its zero-COVID policy late last year kept hopes of recovery alive.
Cramer Says This Chart Signals Good News For Oil: ‘Boom And Bust Cycle In Commodities Never Stops’
Prominent market commentator Jim Cramer analyzed Carley Garner’s chart to explain how some commodities could soon make a comeback.
Johns Hopkins Professor Steve Hanke Says Price Cap On Russian Oil Will Further ‘Politicize’ Market: ‘Customers Will Pay The Bill’
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, has reiterated his skepticism about the impact of Western sanctions on the oil market stating that it would be the customers
Russia May Hike Crude Oil Exports If EU Ban On Its Fuel Imports Results In Lower Refinery Output
Russia is likely to hike its crude oil exports if the European Union ban on imports of its fuel results in lower refinery throughput.
As Putin Visits Belarus, Rouble Plunges To Weakest Level In 7 Months Against Dollar
The Russian rouble plunged to its weakest level in over seven months against the dollar on Monday and was on the path to its biggest single-day drop since July.
Time To Buy Oil Dips? Cramer Says Crude ‘Can Rally Another $20 From Here’
Prominent market commentator Jim Cramer on Tuesday analyzed a chart by Carley Garner and advised investors to buy the dips in oil, saying that the sell-off in
El-Erian Says Western Sanctions On Russian Oil Expected To Increase Discount On Urals Relative To Brent: But ‘What Is Harder To Anticipate Is…’
Allianz chief economic adviser and noted economist Mohamed El-Erian has highlighted the fact that although the discount on Russian crude oil relative to Brent crude will increase following Western sanctions, it is s