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The Latest Breaking News from crude oil

Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures

Iraq and Turkey have signed a deal to transport Iraqi crude oil through a pipeline to Turkey's port of Ceyhan

The Independent UK

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.

Cotton Rallies into the End of the Month

Cotton Rallies into the End of the Month

Cotton futures closed the Friday session with contracts 53 to 112 points. December managed to close the week with a 181 point gains. Crude oil was back up $3.21 per barrel, with the US dollar index back up $0.016. Friday afternoon’s Commitment of Traders report showed managed money spec funds...

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Dollar Finds Support on Higher T-Note Yields

The dollar index (DXY00 ) rose by +0.04% on Friday. The dollar recovered from a 6-week low on Friday and posted modest gains as higher T-note yields strengthened the dollar’s interest rate differentials. The dollar also found support on stronger-than-expected US economic news, including the Q2 employment cost index, the...

Supply Disruptions Underpin Crude Oil Prices

September WTI crude oil (CLU26 ) on Friday closed up +1.08 (+1.29%), and September RBOB gasoline (RBU26 ) closed down -0.0171 (-0.55%). Crude oil and gasoline prices settled mixed on Friday. Crude oil rose sharply due to threats to global supplies with disruptions in the Strait of Hormuz and the...

Cotton Holding onto Gains at Friday’s Midday

Cotton futures are trading with contracts 40 to 60 points higher so far on Friday. Crude oil is back up $1.45 per barrel, with the US dollar index back up $0.189. Export Sales data has accumulated export business at 12.032 million RB, which is 102% of the USDA export projection....

IOC slips into loss in Q1 on holding fuel prices despite rise in cost

Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency improvements and higher margins from refining. The company celebrated record highs in crude throughput and a drop in fuel losses, with petrol and diesel sales reaching impressive quarterly figures.…

The Economic Times

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Crude Oil Prices Climb as Global Supplies Are Disrupted

Crude Oil Prices Climb as Global Supplies Are Disrupted

September WTI crude oil (CLU26 ) today is up +1.65 (+1.97%) on Thursday, and September RBOB gasoline (RBU26 ) is down -0.0103 (-0.33%). Crude oil and gasoline prices are mixed today. Crude oil is sharply higher due to threats to global supplies with disruptions in the Strait of Hormuz and...

Dollar Gains on Strength in US Economic Reports and Hawkish Logan

Dollar Gains on Strength in US Economic Reports and Hawkish Logan

The dollar index (DXY00 ) is up by +0.46% today. The dollar is moving higher today, rebounding from Thursday's 6-week low. Higher T-note yields today have strengthened the dollar's interest rate differentials. T-note yields rose today on stronger-than-expected US economic news, including the Q2 employment cost index, the Jul MNI...

Cotton Extending Rally to Friday Morning

Cotton Extending Rally to Friday Morning

Cotton price action is up another 89 to 125 points across most contracts on Thursday. Futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914. Export Sales data showed 29,719 RB...

Current price of oil as of July 31, 2026

Current price of oil as of July 31, 2026

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

Global Market: European shares hit record high as tech rally, earnings lift sentiment

Global Market: European shares hit record high as tech rally, earnings lift sentiment

European shares hit a record high on Friday as a rally in technology stocks, easing crude oil prices and upbeat corporate earnings lifted investor sentiment, helping the STOXX 600 extend its winning streak despite recent central bank decisions and geopolitical tensions.

The Economic Times

Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?

Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?

Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.

The Economic Times

Cotton Rallies on Thursday

Cotton Rallies on Thursday

Cotton futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914. Export Sales data showed 29,719 RB of cotton sold for 2025/26 in the week of July 23. That was a...

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Crude Oil Prices Drop on Increased Traffic Through Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also...

Cotton Rallying on Thursday

Cotton futures are trading with contracts 125 to 188 point in the green at Thursday’s midday. Crude oil is back down just 38 cents per barrel, with the US dollar index falling 0.879. Export Sales data showed 29,719 RB of cotton sold for 2025/26 in the week of July 23....

Crude Oil Prices Slip on Ongoing US-Iran Negotiations

September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices gave up an overnight advance and turned lower on hopes for a diplomatic solution to the US-Iran war, along with signs of increased oil...

Cotton Rallying Back on Thursday Morning

Cotton prices are up 78 to 123 points early on Thursday. Futures were weaker on Wednesday, with contracts 67 to 119 points lower. Crude oil was back up $5.34 per barrel, with the US dollar index was 0.586. The Fed left rates unchanged on Wednesday’s announcement. The next 7 days...

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Current price of oil as of July 30, 2026

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

The Economic Times

Finance ministry calls for faster policy action to sustain growth amid global uncertainty

India's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite global challenges and mounting uncertainties. Rising crude oil prices pose a risk to fiscal and current account balances. India must strengthen its long-term resilience and strategic leverage. Domestic fundamentals and policy support continue…

The Economic Times

America is making the most fuel since pre-covid. It’s not enough

American refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low due to ongoing conflicts and disruptions. Despite increased production, consumers face persistently high gasoline and diesel prices. US commercial crude stockpiles have fallen to their lowest levels since 2018.

The Economic Times

Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.

Cotton Falls on Wednesday

Cotton futures were weaker on Wednesday, with contracts 67 to 119 points lower. Crude oil was back up $5.34 per barrel, with the US dollar index was 0.586. The Fed left rates unchanged on Wednesday’s announcement. The next 7 days looks for a drier forecast in TX, with the delta...

Stocks Plunge on a Rout in Chipmakers and a Hawkish Fed Hold

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.52%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -2.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.06%. September E-mini S&P futures (ESU26 ) fell -1.59%, and September E-mini Nasdaq futures...

Dollar Falls as FOMC Keeps Interest Rates Unchanged

The dollar index (DXY00 ) fell to a 1-week low on Wednesday and finished down by -0.48%. The dollar tumbled on Wednesday after the FOMC kept interest rates unchanged. The dollar moved higher briefly early on Wednesday after crude oil prices surged more than +6% when President Trump said the...

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