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The Latest Breaking News from crude oil

Current price of oil as of July 6, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Global Market: Kospi slides after early surge as AI stocks face valuation pressure

Indian investors are watching as South Korean stocks reversed early gains due to concerns over high valuations in AI-linked companies. Despite this, broader Asian markets found support from falling crude oil prices. SK Hynix's upcoming US listing and Samsung Electronics' expected profit surge highlight continued AI demand, even as regional…

The Economic Times

Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the decline

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.

The Economic Times

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Falling oil prices give RBI more room to focus on growth, but relief uneven across Asia: Standard Chartered

Falling crude oil prices are providing a significant boost to India and other Asian nations, allowing central banks to prioritize economic growth. This "disinflationary relief" eases pressure on external accounts, especially for heavy energy importers like India, Thailand, and the Philippines. While some economies like South Korea may still face…

The Economic Times

After E20 petrol, Nitin Gadkari pushes for 15% isobutanol-blended diesel: What it is and why it matters

India is set to embrace a new biofuel initiative, allowing up to 15% isobutanol blending with diesel. This strategic move aims to curb reliance on imported crude oil and promote cleaner energy alternatives. Isobutanol, derived from ethanol, offers superior properties over direct ethanol blending, making it a promising substitute for…

The Economic Times

E20 scientifically tested, safe for older vehicles: Industry experts

Industry experts have reassured the public about the safety and efficacy of E20 ethanol-blended petrol. They emphasized that the fuel has undergone rigorous scientific testing and meets high quality standards, making it safe even for older vehicles. This initiative, a result of years of evaluation and consultation, significantly reduces India's…

The Economic Times

Ethanol blending has strengthened India's energy security without hurting vehicle performance: Former IOCL Chairman

India's ethanol blending programme is bolstering energy security, boosting farmer incomes by nearly ₹1.6 lakh crore, and cutting emissions significantly. Former IOCL Chairman B. Ashok asserts that scientific studies show E20 fuel poses no threat to vehicle engines or mileage, dispelling common misconceptions. This initiative has saved the nation substantial…

The Economic Times

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Trump Administration Ramps Up Pressure on Oil Industry As Federal Agencies Push States to Investigate Elevated Gas Prices

On Friday, the Donald Trump administration intensified its scrutiny of the petroleum industry by urging state officials to investigate whether oil companies or fuel retailers are unlawfully keeping gasoline prices elevated despite falling crude oil costs.

Benzinga

India bonds rise for sixth straight week as foreign flows continue

Indian government bonds took a small step back on Friday, halting a strong six-week upward trend. The market's prior gains were supported by vigorous foreign investor interest, spurred by the prospect of being included in a global debt index and easing crude oil prices. Billions have flooded into Indian bonds…

The Economic Times

Food inflation projected to average 6% in FY27 amid rainfall deficit concerns: CareEdge Ratings

India faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, largely due to a severe monsoon deficit impacting agriculture. Despite a widening non-oil trade deficit, strong services exports and a surge in FDI inflows are providing crucial support. Remittances also show robust…

The Economic Times

Forget Nifty50 stocks: Smallcaps soar up to 200% in 2026. Will the mammoth rally continue?

Indian smallcap stocks are outperforming the Nifty 50, with some indices soaring up to 200% this year. This rally is fueled by improving earnings, strong domestic liquidity, and renewed investor interest in bottom-up stock picking. While some experts see continued growth potential, others caution about rising valuations and suggest large-caps…

The Economic Times

Oil Price Today (July 3): Crude oil heads for 4th weekly loss on Hormuz traffic, US-Iran talks. Where is liquid gold headed?

Brent crude hovered near the $71-a-barrel mark after briefly dipping below that level in the previous session, while US benchmark West Texas Intermediate (WTI) traded around $68 a barrel.

The Economic Times

Crude Oil Prices Recover as the Dollar Weakens

August WTI crude oil (CLQ26 ) on Thursday closed up +0.11 (+0.16%), and August RBOB gasoline (RBQ26 ) closed down -0.0279 (-0.95%). Crude oil and gasoline prices settled mixed on Thursday. Crude oil recovered from a 4.25-month low on Thursday and posted modest gains as short covering emerged after the...

Barchart

Crude Oil Weakness Pressures Sugar Prices

October NY world sugar #11 (SBV26 ) on Thursday closed down -0.14 (-0.93%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.20 (+0.04%). Sugar prices settled mixed on Thursday, with London sugar posting a 9.75-month nearest-futures high. NY sugar fell on Thursday, and London sugar erased most...

Barchart

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Barchart

Cotton Falling Back into the Long Weekend

Cotton price action is down 70 to 81 points so far on Thursday Crude oil is down 40 cents/bbl to $68.18. The US dollar index is down $0.586 at $100.570. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will be...

Barchart

Sugar Prices Pressured by Weakness in Crude Oil

October NY world sugar #11 (SBV26 ) today is down -0.15 (-1.00%), and Aug London ICE white sugar #5 (SWQ26 ) is down -0.10 (-0.02%). Sugar prices are moving lower today, with London sugar falling from a 9.75-month nearest-futures high. Sugar is under pressure today amid weakness in crude oil...

Barchart

Crude Prices Tumble as Global Oil Supplies Normalize

August WTI crude oil (CLQ26 ) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26 ) is down -0.0758 (-2.57%). Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low. Crude prices are falling today as an increase in Middle Eastern...

Barchart

Dollar Tumbles on a Weak US Jobs Report

The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar is also under pressure amid weakness in crude oil...

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Barchart

Stocks Climb as Fed Rate Hike Fears Ease on a Weak Jobs Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. September E-mini S&P futures (ESU26 ) are up +0.58%, and September E-mini Nasdaq futures...

Fortune

Current price of oil as of July 2, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

The Economic Times

Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude prices

Fuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil companies are currently using crude purchased at higher prices during the West Asia conflict, leading to past losses. However, sustained low global prices could pave…

Barchart

Cotton Slipping Back on Thursday Morning

Cotton price action is down 11 to 21 points so far on Thursday morning. Futures were in rally mode late on Wednesday, with contracts up 104 to 106 points in the front months. Crude oil was down $1.41/bbl to $68.09. The US dollar index was up $0.243 at $101.200. The...

The Economic Times

Nifty eyes 24,500-24,800 in July as crude cools and FII selling slows; buy the dip towards 23,600–23,800: Dharmesh Shah

Indian equity markets are poised for further gains, with Nifty expected to target 24,500-24,800 by July. ICICI Direct's Dharmesh Shah advises investors to "buy the dip" as key support at 23,800 holds firm. Favorable macro factors like easing crude oil prices and bond yields, alongside receding FII selling, are bolstering…

The Economic Times

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has…

The Economic Times

Crude oil correction could be India's next big market trigger: Rohit Seksaria

Indian equities are poised for a positive shift as falling crude oil prices ease inflation and currency concerns, according to Sundaram Mutual's Rohit Seksaria. While expecting a temporary earnings dip, he sees banks and NBFCs leading a rebound. Seksaria also highlights opportunities in data centers, hospitals, niche IT, and auto…

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