Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / COM - Update: Oil prices tumble more than 9% - China Russia OPEC Iran news roundup

COM - Update: Oil prices tumble more than 9% - China Russia OPEC Iran news roundup

Direxion Auspice Broad Commodity Strategy
Update: oil prices (CL1:COM) fell more than 9% during afternoon trading on light news flow, though PeMex reported crude exports rose 11% month on month in February.  Oil prices (CL1:COM) fell ~5% ahead of the US equity market open Monday, following bearish news over the weekend:  Lockdowns - Shanghai entered a two-stage lockdown in an attempt to control Covid infections; Shanghai is home to ~26m people. Ukraine - the Kremlin said peace talks could get under way Tuesday, following further comments from Zelenskyy indicating Ukraine would be ready to discuss "neutrality." OPEC - the cartel is set to meet Thursday to discuss lifting production targets for May. Iran - US Secretary of State Blinken opened the door to removing the terrorist designation for Iran's Revolutionary Guard Corps as part of an Iran deal. Oil stocks (XLE) are up ~40% year-to-date on the back of bullish supply, demand, and geopolitical headlines; Kosmos (KOS)

For further details see:

Update: Oil prices tumble more than 9% - China, Russia, OPEC, Iran news roundup
Stock Information
Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE
Menu
COM COM Quote COM Short COM News COM Articles COM Message Board
Get COM Alerts

News, Short Squeeze, Breakout and More Instantly...