US-EU reach nat gas deal in new Russian blow
Natural gas prices have advanced over 44% YTD
FOX Business Flash top headlines for March 24
Here are your FOX Business Flash top headlines for March 24.
Oil prices traded lower on Friday morning as the European Union and United States unveiled a deal to supply Europe with more U.S. liquefied natural gas (LNG), as leaders of the European bloc meet to curb their reliance on Russian fossil fuels and deal with an energy crunch.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UNG | UNITED STATES NATURAL GAS FUND - USD ACC | 15.66 | +0.19 | +1.23% |
The pact announced during a visit by President Biden to Brussels, follows a day of three summits in the EU capital where leaders lambasted Russia's invasion of Ukraine and offered fresh support to Kyiv.
U.S. and Brent crude prices slipped.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND - USD ACC | 71.39 | +0.73 | +1.03% |
| BNO | UNITED STATES BRENT OIL FUND - USD ACC | 29.21 | +0.21 | +0.72% |
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A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. (REUTERS/Richard Carson / Reuters Photos)
Supply concerns increased this week when it was announced that the Caspian Pipeline Consortium (CPC) terminal on Russia's Black Sea coast stopped exports after being damaged by a storm.
The U.S. and its allies were discussing a possible further coordinated release of oil from storage to ease concern, according to U.S. Energy Secretary Jennifer Granholm.
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