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The Latest Breaking News from crude oil

Crude Prices Pressured by Growing Optimism the Strait of Hormuz to Soon Reopen

September WTI crude oil (CLU26 ) is down -0.61 (-0.81%) today, and September RBOB gasoline (RBU26 ) is up +0.0130 (+0.46%). Crude oil and gasoline prices added to this week's sharp losses today, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing optimism...

Barchart

Drought and the war in Ukraine changed what families in Kenya could afford to eat – research tracked food and cooking gas use

Russia’s invasion of Ukraine in February 2022 had an almost immediate impact on global energy markets and the movement of food around the world. During the first year of the conflict, international crude oil and natural gas prices rose sharply. Disruptions to exports of wheat, maize, sunflower oil and fertilisers…

The Conversation

Cotton Rallying on Wednesday Morning

Cotton prices are rallying on Tuesday morning, with contracts up 105 to 110 points in the nearbys. Futures were down 8 to 22 points in the front months with other contracts, up 2 to 40 points. Crude oil was down $5.20 per barrel, with the US dollar index down $0.031....

Barchart

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Rupee hits one-month closing high as oil slide outweighs RBI pause

On Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Although the Reserve Bank of India's decision to maintain rates restricted further growth, analysts pointed out that immediate support lies around 94.75 with resistance levels…

The Economic Times

Current price of oil as of Aug. 5, 2026

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

Fortune

India may charge gas users to fund planned $42 billion fuel reserves, sources say

India is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme aimed at strengthening energy security after supply disruptions during the Iran conflict. The plan would expand strategic reserves beyond crude oil to include LNG and LPG storage for the…

The Economic Times

RBI MPC Meeting 2026: Crude oil volatility remains key inflation risk

RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: The central bank warns volatile crude oil prices pose inflation risks. Geopolitical tensions cloud the near-term outlook for price stability. The central bank kept its repo rate unchanged at 5.25 percent. India's inflation projection for FY27 was lowered to five…

The Economic Times

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RBI Inflation FY2026-27: Malhotra & Co trim FY27 inflation forecast to 5% as easing crude prices offer relief

RBI Inflation 2026-27 Forecast: The RBI's Monetary Policy Committee cut its FY27 inflation forecast to 5% from 5.1%, citing softer global crude oil prices and easing supply-side pressures. RBI Governor Sanjay Malhotra said higher inflation is largely driven by food and fuel, while core inflation remains benign. He expects headline…

The Economic Times

RBI MPC Meeting 2026: Sanjay Malhotra & team keep repo rate at 5.25% as global risks linger with Iran war flare-up

RBI Monetary Policy Meeting 2026: The Reserve Bank of India's Monetary Policy Committee maintained the benchmark repo rate at 5.25 percent. Policymakers are carefully observing geopolitical uncertainties and rising inflationary pressures. Domestic economic growth remains resilient, which supports the central bank's decision. The committee also revised its growth and inflation…

The Economic Times

Cotton Comes Back to Close Mixed on Tuesday

Cotton futures were down 8 to 22 points in the front months with other contracts, up 2 to 40 points. Crude oil was down $5.20 per barrel, with the US dollar index down $0.031. The Monday Crop Progress report showed condition ratings pegged at 42% good/excellent, down 4 percentage points...

Barchart

Stocks Finish Sharply Higher on Strong Earnings and Push to Reopen Hormuz

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +1.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.32%. September E-mini S&P futures (ESU26 ) rose +1.79%, and September E-mini Nasdaq futures...

Barchart

Strength in Stocks and Lower Crude Prices Weigh on the Dollar

The dollar index (DXY00 ) fell by -0.03% on Tuesday. The dollar was under pressure Tuesday as hopes for a deal to reopen the Strait of Hormuz have boosted stocks and knocked crude oil prices sharply lower. The slide in crude oil prices lowers inflation expectations and could prompt the...

Barchart

Optimism of Reopening Strait of Hormuz Knocks Crude Prices Lower

September WTI crude oil (CLU26 ) on Tuesday closed down -4.57 (-5.69%), and September RBOB gasoline (RBU26 ) closed down -0.1145 (-3.86%). Crude oil and gasoline prices sold off sharply on Tuesday for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures...

Barchart

Cotton Facing Turnaround Tuesday Weakness

Cotton futures are down 25 to 30 points in most contracts, with October down 129 points. Crude oil was down $4.30 per barrel, with the US dollar index back up $0.014. The Monday Crop Progress report showed 88% of the US cotton crop squared as of Sunday, now even with...

Barchart

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Benzinga

S&P 500 Hits Record Highs, Palantir Jumps 27%: Stock Market Today

U.S. equities powered to fresh record highs by midday Tuesday as blowout guidance from Palantir Technologies Inc. (NASDAQ:PLTR) and a Caterpillar Inc. (NYSE:CAT) earnings beat reignited the AI trade, while crude oil tumbled more than 5% on growing conviction that a deal to reopen the Strait of Hormuz is days…

Barchart

Crude Oil Prices Slump on Hopes of a Deal to Reopen Strait of Hormuz

September WTI crude oil (CLU26 ) today is down -3.77 (-4.72%), and September RBOB gasoline (RBU26 ) is down -0.1201 (-4.05%). Crude oil and gasoline prices are sharply lower today for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing...

Barchart

Stock Indices Rally on Strong Tech Earnings and US-Iran Peace Hopes

The S&P 500 Index ($SPX ) (SPY ) today is up +1.13%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.21%. September E-mini S&P futures (ESU26 ) are up +1.20%, and September E-mini Nasdaq futures...

Barchart

Dollar Pressured by Strength in Stocks and Lower Crude Prices

The dollar index (DXY00 ) is down by -0.06% today. The dollar is under pressure today as hopes for a deal to reopen the Strait of Hormuz have boosted stocks and knocked crude oil prices sharply lower. The slide in crude oil prices lowers inflation expectations and could prompt the...

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Barchart

S&P 500 Posts a New Record High on Strong Tech Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up +0.73%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.00%. September E-mini S&P futures (ESU26 ) are up +0.72%, and September E-mini Nasdaq futures...

The Conversation

Oil shortages escalate from wars in Iran and Ukraine, with few signs of relief

The global energy crisis triggered by two wars is set to worsen, as Ukraine pummels Russia’s refining industry and Iranian attacks continue on Middle Eastern oil production and refining. Further, the nature of the destruction and the growing number of fronts and warring parties involved may herald a new era…

Barchart

Cotton Fading Back Lower on Tuesday Morning

Cotton prices are back down 45 to 78 points so far on Tuesday Futures posted 36 to 85 point gains across the board on Monday. Crude oil was back down $4.61 per barrel, with the US dollar index back up $0.61. The Monday Crop Progress report showed 88% of the...

Fortune

Current price of oil as of August 4, 2026

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

The Economic Times

Quant MF ups IT exposure as sector enters ‘neglected territory’; sees crude correction

Quant Mutual Fund has raised its exposure to IT services over the past two months, viewing the sector as increasingly “neglected” and offering attractive opportunities. Its predictive analytics model also expects crude oil prices to gradually decline over the coming months, which the fund house believes could support Indian equities.

The Economic Times

Oil Price Today (August 4): Crude oil nears $85 as peace talks uncertainty loom after fresh attacks. What are experts saying?

Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes faded. Shipping activity through the Strait of Hormuz has slowed following reported attacks. Experts predict higher crude prices if disruptions persist for extended periods. Analysts anticipate oil prices…

The Economic Times

ETMarkets Smart Talk | Financialisation of savings could be India's biggest wealth creator over the next decade: Prashasta Seth

In an interaction with Kshitij Anand of ETMarkets for Smart Talk series, Seth explains why the steady shift from physical assets to financial investments is transforming India's capital markets, shares his outlook on equities amid geopolitical and macroeconomic risks, outlines his preferred portfolio allocation, and highlights the sectors and themes…

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