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The Latest Breaking News from crude oil

Petrol, diesel price today: Have state-run OMCs cut fuel prices after Nayara Energy's rate slash? Check latest rates

Nayara Energy, India's largest private fuel retailer, has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide. This marks the first retail price cut in over two years, following a dip in global crude oil costs. While Nayara reversed its earlier March hike, state-run oil…

The Economic Times

Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?

Brent crude futures fell 80 cents, or 1.09%, to $70.80 a barrel, while U.S. West Texas Intermediate crude declined 90 cents, or 1.28%, to $67.75 a barrel. In the previous session, both benchmarks had dropped more than 1%, settling at their lowest levels in four months.

The Economic Times

Cotton Rallies into the Wednesday Close

Cotton 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 annual June Acreage report showed all cotton acres this spring planted at 9.85...

Barchart

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Crude Prices Slide as Geopolitical Risks Ease

August WTI crude oil (CLQ26 ) on Wednesday closed down -0.92 (-1.32%), and August RBOB gasoline (RBQ26 ) closed up +0.0503 (+1.74%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices were under pressure...

Barchart

Cotton Posting Midday Gains on Wednesday

Cotton futures are showing 22 point gains in the front month July with other nearbys up 90 points at midday. Crude oil was down $1.22/bbl to $65.28. The US dollar index is up $0.183 at $101.140. The annual June Acreage report showed all cotton acres this spring planted at 9.85...

Barchart

Crude Prices Retreat on Progress in US-Iran Peace Talks

August WTI crude oil (CLQ26 ) today is down -1.26 (-1.81%), and August RBOB gasoline (RBQ26 ) is up +0.0335 (+1.16%). Crude oil and gasoline prices are mixed today, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices are under pressure today amid...

Barchart

June’s Top Commodity Performers and Underperformers

Commodity prices declined in June as the dollar index rallied and interest rates remained elevated. Precious metals and energy commodities posted the most substantial declines in the month that ended on June 30.

Barchart

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Trump Scapegoats Gas Companies for Price Hikes Caused by His Iran War

The president is threatening gas companies and retailers over prices his own Iran policy helped create, while demanding that prices drop to a level the market hasn't seen since 2020.

Reason

Current price of oil as of July 1, 2026

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

Fortune

Cotton Rallying on Wednesday Morning

Cotton price action is up 77 to 90 points early on Wednesday morning. Futures found strength to round out June, with contracts 22 to 43 points higher despite USDA reporting more acres than expected on Tuesday. Crude oil was down $0.82/bbl to $69.83. The US dollar index is up $0.118...

Barchart

Lower crude, easing FII selling brighten market outlook; large-cap financials offer better value: Kunal Vora

Indian equities are poised for a brighter outlook as crude oil prices retreat, corporate earnings show resilience, and foreign investor selling pressure eases. While near-term results may reflect temporary disruptions, the market's underlying strength is improving. Domestic flows are expected to sustain market momentum, with private banks, consumption, and telecom…

The Economic Times

Trump Wants Lower Gas Prices, but Refineries Face Heat Waves, Iran War and a Russia-Ukraine 'Wild Card,' Analyst Says

While President Donald Trump has warned the oil companies to reduce gas prices at the pump to reflect the drop in crude oil costs, GasBuddy analyst Patrick De Haan says reducing fuel costs might be more complicated than it seems.

Benzinga

India's June crude imports hit record high as Russian supplies surge despite West Asia tensions

India's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidified its role as the top supplier. This surge underscores India's robust supply chain resilience amidst global geopolitical tensions. Analysts highlight proactive diversification and procurement strategies as key to…

The Economic Times

Jet fuel price cut by Rs 5/litre as global oil prices ease

A significant drop in jet fuel prices, by nearly Rs 5 per litre, brings welcome relief to Indian airlines. This reduction, driven by falling international crude oil rates and easing West Asian tensions, is expected to lower operating expenses for domestic carriers. Meanwhile, commercial LPG cylinder prices also saw a…

The Economic Times

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The Economic Times

Petrol, Diesel prices cut on July 1: Check latest fuel rates in Delhi, Mumbai, Chennai, Kolkata, Bengaluru and other cities

Nayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre, attributing the move to easing international crude oil costs. This follows a recent reduction in commercial LPG cylinder prices. While Nayara's over 7,000 stations now offer lower rates, public sector oil retailers, controlling over…

The Economic Times

LPG Cylinder Price: Commercial LPG down Rs 183.50 from July 1, first cut in 2026

LPG Price Cut: Commercial LPG cylinder prices have seen a significant reduction of Rs 183.50, effective July 1, 2026. This marks the first price cut for 19-kg cylinders this year, bringing relief to businesses. Domestic cylinder rates, however, remain unchanged. The price drop is attributed to easing global crude oil…

The Economic Times

Oil Price Today (July 1): Crude oil above $73 as Iran rejects direct peace talks with US. Where are prices headed?

Brent crude futures were up 50 cents, or 0.69%, at $73.45 a barrel at 1208 GMT. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or 0.91%, to $70.13 a barrel.

The Economic Times

GIFT Nifty signals muted start for Dalal Street amid cautious trade

Indian markets experienced a volatile session ahead of monthly expiry, with the Nifty closing lower at 23,866. Geopolitical tensions in West Asia are expected to keep investor sentiment cautious, despite a dip in crude oil prices. Analysts suggest a mixed trend for equities, with the Nifty potentially hovering around 24,000,…

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Barchart

Cotton Shrugs Off Increased Acres for Tuesday Gains

Cotton futures found strength to round out June, with contracts 22 to 43 points higher despite USDA reporting more acres than expected this morning. Crude oil was down $0.82/bbl to $69.83. The US dollar index is up $0.118 at $100.995. The annual June Acreage report showed all cotton acres this...

Barchart

Crude Prices Fall as Global Oil Supply Risks Ease

August WTI crude oil (CLQ26 ) on Tuesday closed down -1.25 (-1.77%), and August RBOB gasoline (RBQ26 ) closed down -0.0063 (-0.22%). Crude oil and gasoline prices retreated on Tuesday, with crude settling sharply lower. Crude oil prices gave up an early advance and turned lower on Tuesday amid signs...

Barchart

How Low Can Crude Oil Go?

News of a deal to end hostilities between the U.S. and Iran has sent crude oil prices to the lowest level since March 2026. If the Strait of Hormuz opens to traffic and attacks cease, crude oil prices could head for the late 2025 low or lower. However, if hostilities…

Barchart

Cotton Holding onto Gains at Midday Despite More Acres

Cotton futures are showing modest gains on Tuesday, despite USDA reporting more acres than expected this morning. Gains of 35 to 70 points are shown at midday. Crude oil is down $0.82/bbl to $69.83. The US dollar index is up $0.118 at $100.995. The annual June Acreage report showed all...

Barchart

Crude Prices Slip as Global Oil Supply Risks Recede

August WTI crude oil (CLQ26 ) today is down -0.59 (-0.83%), and August RBOB gasoline (RBQ26 ) is up +0.0078 (+0.27%). Crude oil and gasoline prices are trading mixed today. Crude oil prices gave up an early advance and turned lower today amid signs that more crude is flowing through...

Fortune

Current price of oil as of June 30, 2026

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

Barchart

Cotton Seeing Strength on Tuesday Morning, as NASS Slashes Crop Ratings

Cotton price action is up 30 to 35 points so far on Tuesday morning. Futures were 6 to 34 points higher, across most contracts on Monday. Crude oil was up $1.19/bbl to $70.42. The US dollar index was down $0.247 at $100.880. Monday afternoon’s Crop Progress showed 97% of the...

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