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The Latest Breaking News from crude oil

Cotton Extending Correction on Thursday Morning

Cotton price action is down 10 to 48 points so far on Thursday morning. Futures posted losses of 33 to 121 points across most contracts on Wednesday. The US dollar index was $0.054 higher at $99.155. Crude oil was down $4.48 on the day to $89.41 to add pressure, but...

Barchart

Corn Bouncing on Thursday AM Trade

Corn prices are up 4 to 5 cents so far on Thursday morning. Futures posted Wednesday losses of 3 to 5 cents across most contracts. Open interest was down 7,221 contracts, mostly in the July (-14,986), as OI was rising in most other contracts. Crude oil losses of $4.48 on...

Barchart

Wheat Posting Mixed Trade on Thursday Morning

Wheat is showing mixed action on Thursday AM trade, with CBT the strongest. The wheat complex saw weakness on Wednesday. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor, but are bouncing $2.74 this morning. Chicago SRW futures were 10 to 13 cents lower at the...

Barchart

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The race for oil: will Jamaica be the next country to drill and what does that mean for its green pledges?

With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producer

The Guardian - UK

Oil prices on the rise again as US-Iran fighting escalates

Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal…

France 24

RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya Banerjee

The Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance sheet at a time when rising global energy prices and prolonged geopolitical tensions are putting pressure on India's fiscal position, according to Anindya Banerjee, Head of Commodities and…

The Economic Times

India may soon let consumers choose ethanol-blended petrol based on their cars: Report

Consumers will soon have more choices at petrol pumps across India. New ethanol-blended petrol variants like E20, E22, E25, and E30 will become available. This move aims to reduce crude oil imports and enhance energy security. Vehicle owners can select fuel based on their car's compatibility.

The Economic Times

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Pacific island climate fund invests in fossil fuels

SYDNEY - A trust fund set up to help a South Pacific island nation gravely threatened by climate change has invested in coal mining, gas exploration and the world’s largest crude oil refinery, an AFP investigation has revealed.

Bangkok Post

Oil Price Today (May 28): Crude oil surges nearly 3% after Iran says it targeted US airbase in retaliation for fresh American strikes

Oil prices surged as US strikes in Iran heightened fears of shipping disruptions through the Strait of Hormuz. Iran's Revolutionary Guards claimed to have struck a US airbase, while US forces downed Iranian drones and struck a control station. Analysts warn that even a deal may not immediately normalize shipping,…

The Economic Times

Global Market Today: Asian stocks slip from record highs, oil gains

Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.

The Economic Times

Oil rebounds after news of US strikes on Iranian military site

Oil prices surged today following reports of new U.S. strikes on an Iranian military site. This escalation comes as Washington and Tehran are in negotiations to end their conflict. Brent crude futures and U.S. West Texas Intermediate futures saw significant gains. U.S. crude oil stockpiles also fell for the sixth…

The Economic Times

Cotton Closes Lower on Wednesday

Cotton futures posted losses of 33 to 121 points across most contracts on Wednesday. The US dollar index was $0.054 higher at $99.155. Crude oil was down $4.48 on the day to $89.41 to add pressure. NASS Crop Progress data showed 53% of the US cotton crop planted as of...

Barchart

Wheat Fall Lower on Wednesday

The wheat complex saw weakness on Wednesday. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. Chicago SRW futures were 10 to 13 cents lower at the close. KC HRW futures saw Wednesday losses of 2 ½ to 7 ½ cents. MPLS spring wheat posted 2...

Barchart

Corn Pressure from Crude Continues on Wednesday

Corn futures posted Wednesday losses of 3 to 5 cents across most contracts. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. The CmdtyView national average Cash Corn price was down 4 3/4 cents to $4.13 1/4. NASS Crop Progress data showed the US corn crop...

Barchart

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Stocks Settle Mixed on Conflicting US-Iran Signals

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.09%. June E-mini S&P futures (ESM26 ) rose +0.04%, and June E-mini Nasdaq futures...

Barchart

Dollar Recovers on Conflicting US-Iran Peace Plans

The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals about prospects for a US-Iran deal to end the war and reopen the Strait of Hormuz. Iranian television said it obtained an unofficial draft of...

Barchart

Crude Oil Prices Sink as Hormuz-Reopening Talks Continue

July WTI crude oil (CLN26 ) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26 ) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are...

The Economic Times

Why are gold and silver prices down sharply today and will precious metals continue to fall or rise again? Gold hits two-month low as inflation fears rise

Why are gold and silver prices down sharply today and will precious metals continue to fall or rise again? Gold prices dropped to a two-month low after investors reacted to inflation concerns, rising oil prices, and expectations of interest rate hikes by the US Federal Reserve. Silver prices also declined…

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Cotton Facing Wednesday Midday Pressure

Cotton futures are trading with contracts down 55 to 65 points across most nearbys at midday. The US dollar index is $0.019 higher at $99.120. Crude oil is down $4.01 on the day to $89.88. NASS Crop Progress data showed 53% of the US cotton crop planted as of May...

Barchart

Crude Oil Prices Slide on US-Iran Peace Optimism

July WTI crude oil (CLN26 ) today is down -3.17 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.0498 (-1.58%). Crude oil and gasoline prices today extended Tuesday's sharp losses, with crude falling to a 5-week low and gasoline falling to a 6-week low. Crude prices are under pressure...

Barchart

Stocks Mixed Awaiting Fresh Iran News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.44%. June E-mini S&P futures (ESM26 ) are down -0.07%, and June E-mini Nasdaq futures...

Barchart

Dollar Falls as Crude Oil Retreats

The dollar index (DXY00 ) today is down by -0.11%. The dollar is under pressure today amid a -4% plunge in crude oil prices to a 5-week low, which lowers inflation expectations and may prompt the Fed to ease monetary policy, a negative factor for the dollar. Also, today’s rally...

Barchart

Stocks Pressured by Weakness in Energy Producers and Cybersecurity Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. June E-mini S&P futures (ESM26 ) are down -0.05%, and June E-mini Nasdaq futures...

AAP

US stock market hangs near records and crude oil prices ease

Stocks are hanging near their records on Wall Street and crude oil prices eased, relieving some worries about inflation

Fortune

Current price of oil as of May 27, 2026

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

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