Rotten Tomato Stocks
No Result
View All Result
  • News
    Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

    Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

    Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

    Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

    First Majestic Shares Drop After Mining at Nevada Operation Suspended

    First Majestic Shares Drop After Mining at Nevada Operation Suspended

    Wheat Futures Fall After Export Deal Reached

    Wheat Futures Fall After Export Deal Reached

  • NYSE
    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

    UnitedHealth Group Inc. stock falls Thursday, underperforms market

    UnitedHealth Group Inc. stock falls Thursday, underperforms market

    Chewy stock dips as earnings show shrinking customer count, forecast of no profit growth

    Chewy stock dips as earnings show shrinking customer count, forecast of no profit growth

    Nike stock turns lower, as enduring costs, markdowns weigh on margins

    Nike stock turns lower, as enduring costs, markdowns weigh on margins

  • NASDAQ
    Cidara Therapeutics Down 3% After Hours Following FDA Approval

    Cidara Therapeutics Down 3% After Hours Following FDA Approval

    Xerox Holdings Corp. stock falls Thursday, underperforms market

    Xerox Holdings Corp. stock falls Thursday, underperforms market

    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

    Petco Shares Sink 13% After Issuing FY23 Guidance

    Petco Shares Sink 13% After Issuing FY23 Guidance

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

    Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

    Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

    Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

    First Majestic Shares Drop After Mining at Nevada Operation Suspended

    First Majestic Shares Drop After Mining at Nevada Operation Suspended

    Wheat Futures Fall After Export Deal Reached

    Wheat Futures Fall After Export Deal Reached

  • NYSE
    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

    Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

    UnitedHealth Group Inc. stock falls Thursday, underperforms market

    UnitedHealth Group Inc. stock falls Thursday, underperforms market

    Chewy stock dips as earnings show shrinking customer count, forecast of no profit growth

    Chewy stock dips as earnings show shrinking customer count, forecast of no profit growth

    Nike stock turns lower, as enduring costs, markdowns weigh on margins

    Nike stock turns lower, as enduring costs, markdowns weigh on margins

  • NASDAQ
    Cidara Therapeutics Down 3% After Hours Following FDA Approval

    Cidara Therapeutics Down 3% After Hours Following FDA Approval

    Xerox Holdings Corp. stock falls Thursday, underperforms market

    Xerox Holdings Corp. stock falls Thursday, underperforms market

    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

    Mineralys Therapeutics (NASDAQ:MLYS) Reaches New 52-Week Low After Analyst Downgrade

    Petco Shares Sink 13% After Issuing FY23 Guidance

    Petco Shares Sink 13% After Issuing FY23 Guidance

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

Oil prices fall by more than 4% after Russia-Ukraine talks

Editorial Staff by Editorial Staff
March 29, 2022
0
Oil prices fall by more than 4% after Russia-Ukraine talks

Oil futures fell by more than 4% on Tuesday, extending a sharp slide seen the previous session, after Russian news reports said officials described talks with Ukraine as constructive.

Price action

  • West Texas Intermediate crude for May delivery CL.1, -2.64% CL00, -2.65% CLK22, -2.65% fell $4.24, or 4%, to $101.72 a barrel on the New York Mercantile Exchange after losing 7% on Monday.
  • May Brent crude BRN00, -2.46% BRNK22, -2.77%, the global benchmark, shed $4.56, or 4.1%, to $107.92 a barrel on ICE Futures Europe.
  • April natural gas NGJ22, -2.41% traded at $5.409 per million British thermal units, down 1.8%, ahead of the contract’s expiration at the end of the session.
  • April gasoline RBJ22, -1.13% shed 2.4% to $3.142 a gallon and April heating oil HOJ22, -1.90% fell 3.2% to $3.663 a gallon.

Market drivers

Oil moved lower after Russia’s Interfax news agency quoted the head of Moscow’s delegation as calling negotiations with Ukraine officials in Turkey constructive. Also, Russia’s deputy defense minister Alexander Fomin said Russia would “radically reduce” military activity outside Kyiv and Chernihiv, according to Russia’s Tass news agency, the BBC reported.

Negotiators met in Turkey for cease-fire on Tuesday for the first time in two weeks, after news reports said Moscow appeared to have softened some of its demands.

The oil price declined “over hopes of progress in the peace talks between Russia and Ukraine,” said Mihir Kapadia, chief executive officer of Sun Global Investments, in emailed commentary.

Russia’ unprovoked Feb. 24 invasion of Ukraine sent crude prices soaring, with both WTI and Brent trading near 14-year highs in early March.. The U.S. and its allies have imposed sweeping sanctions on Moscow aimed at cutting the country off from the global economy, though only the U.S. and U.K. have formally moved to ban imports of Russian oil and energy products.

Citing industry data and Bloomberg, analysts at Commerzbank said Russian oil exports in the week from March 17-23 averaged 3.63 million barrels per day down 26.4% from the preceding week.

Some market participants have been reluctant to buy or finance the trading of Russian crude despite the lack of a wider embargo.

“Russian oil is still difficult to sell. Three oil tankers with a total of 280,000 tons of Urals on board have been anchored in the Mediterranean for 7-10 days, according to Bloomberg data, and are waiting in vain to be unloaded,” Commerzbank said.

Prices saw “further downward pressure due to Shanghai imposing a two-stage lockdown,” said Kapadia. The move sparked worries about crude demand.

Crude prices had dropped by around 7% Monday after China imposed a lockdown on Shanghai, the nation’s financial capital and largest city, as part of its effort to stop a renewed spread of COVID-19 cases.

Meanwhile, OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, will meet this week. Analysts appear to widely expect the group to stick to its plan to boost production by another 400,000 barrels a day in May.

In a July meeting last year, OPEC+ said that starting May 1, 2022, baseline output for the group would see a modest increase for some members, but the group as whole has been unable to meet their full production quotas.

Related Posts

Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk
News

Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

March 24, 2023
Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike
News

Stocks Fall, Bond Yields Tumble After Fed’s Latest Rate Hike

March 22, 2023
First Majestic Shares Drop After Mining at Nevada Operation Suspended
News

First Majestic Shares Drop After Mining at Nevada Operation Suspended

March 22, 2023
Wheat Futures Fall After Export Deal Reached
News

Wheat Futures Fall After Export Deal Reached

March 21, 2023
Load More
Next Post
Short Interest in SouthState Co. (NASDAQ:SSB) Declines By 24.4%

Short Interest in SouthState Co. (NASDAQ:SSB) Declines By 24.4%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

June 17, 2021
Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

September 14, 2021
10 Warning Signs That Should Tell You “This Stock is in Trouble”

10 Warning Signs That Should Tell You “This Stock is in Trouble”

November 11, 2019

EDITOR'S PICK

EBay stock falls as sales and profit decline, though revenue and outlook beat estimates

EBay stock falls as sales and profit decline, though revenue and outlook beat estimates

February 23, 2023
U.S. Durable Goods Orders Drop 1.3% in April

U.S. Durable Goods Orders Drop 1.3% in April

May 29, 2021
JE Cleantech Holdings Falls 75% in Regular Session

JE Cleantech Holdings Falls 75% in Regular Session

July 20, 2022
NIO (NYSE:NIO) Stock Price Down 4.3% After Analyst Downgrade

NIO (NYSE:NIO) Stock Price Down 4.3% After Analyst Downgrade

January 1, 2023

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Park Outside: Hyundai, Kia Recall Vehicles Due to Fire Risk

Kellogg (NYSE:K) Takes On Some Risk With Its Use Of Debt

UnitedHealth Group Inc. stock falls Thursday, underperforms market

POPULAR POSTS

Chewy stock dips as earnings show shrinking customer count, forecast of no profit growth

Cidara Therapeutics Down 3% After Hours Following FDA Approval

Xerox Holdings Corp. stock falls Thursday, underperforms market

© Copyright 2023 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.