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The Latest Breaking News from Oil

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Asian shares have retreated following declines on Wall Street that snapped a nine-day winning streak for the S&P 500

AAP

Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism

Gold prices dipped on Wednesday, pressured by a strengthening dollar and escalating oil prices amidst renewed Middle East conflict. Hopes for a quick U.S.-Iran resolution have faded, impacting diplomatic progress. Analysts suggest this geopolitical tension, coupled with inflation risks and potential interest rate hikes, is weighing on the precious metal.

The Economic Times

Petrol, Diesel Price Today: Has India seen another hike on June 4? Check fuel rates in Delhi, Mumbai, Gurgaon, Chennai and other cities

Petrol, Diesel Price Today: Fuel prices held steady across India on June 4, offering consumers a brief respite. However, rising global crude oil prices, nearing $95 per barrel, are fueling speculation about potential hikes. Such an increase could significantly impact household budgets, transportation costs, and overall inflation, making future fuel…

The Economic Times

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Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

Oil prices dipped as a ceasefire between Israel and Lebanon sparked hopes for broader diplomatic progress, potentially easing U.S.-Iran tensions. The U.S. House also passed a resolution limiting President Trump's military action against Tehran. Despite these developments, analysts warn that disruptions in the Strait of Hormuz could significantly impact global…

The Economic Times

Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone

Heightened Middle East tensions, including Iranian attacks and U.S. strikes, propelled oil prices and boosted the dollar's safe-haven appeal near a two-month peak. The yen teetered around the 160 mark, sparking intervention fears. Meanwhile, strong U.S. services inflation data reinforced expectations of sustained high interest rates, while the Bank of…

The Economic Times

Why This Modi-Trump Meeting Could Change More Than Trade

The world is watching France. Not because of a major conflict or economic crisis, but because two of the world's most influential leaders may soon find themselves in the same room. Prime Minister Narendra Modi and US President Donald Trump have not met in person since February 2025. Since then,…

MyLifeXP

Muted opening likely as GIFT Nifty indicates a negative start for D-St

Nifty resumed its downward trend, falling on Wednesday due to geopolitical tensions in West Asia and elevated crude oil prices. Persistent FII outflows and a depreciating rupee further pressured the market. Analysts anticipate continued volatility as tensions escalate.

The Economic Times

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Global Market Today: Asian stocks drop after Broadcom outlook, oil dips

Asian markets and US futures declined. Broadcom's weak forecast impacted investor sentiment. Renewed US-Iran clashes also weighed on markets. However, a ceasefire between Israel and Lebanon brought some relief. Brent crude prices saw a slight dip following this development. Investors are closely watching geopolitical events.

The Economic Times

Asia stocks slide on flare-up of Mideast hostilities

Stocks on Wall Street tumbled overnight, with the S&P 500 falling 0.7 per cent and oil prices rising as hostilities in the Middle East erupted anew.

AAP

Oil Price Prediction: Oil prices climb toward $100 as US stocks end record rally

Oil price prediction remains a major topic for investors as oil prices moved closer to $100 per barrel following renewed tensions involving the United States and Iran. The rise in crude oil prices affected stock markets, bond yields, borrowing costs, and inflation concerns. While Wall Street ended a record-winning streak,…

The Economic Times

Spanish hotel chain Meliá to shutter hotels in Cuba in latest blow to island's tourism sector

Spanish hotel chain Meliá has joined a growing list of companies with a long-standing presence in Cuba that are withdrawing or limiting their operations on the island after the U.S. announced new sanctions while upholding an oil embargo

AAP

How major US stock indexes fared Wednesday 6/3/2026

Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records

AAP

US Fed says Iran war driving 'moderate-to-strong' inflation

US inflation rose at a moderate to strong pace, driven largely by surging energy costs linked to the Iran war, the Federal Reserve said. Higher oil prices disrupted supply chains and lifted input costs, while consumer spending showed widening inequality, with lower-income households facing rising financial strain.

The Economic Times

US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate

Wall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech stocks led declines, though chipmakers stayed resilient on AI optimism. Strong services data and steady labor conditions contrasted with geopolitical risks, while expectations for a potential Fed rate hike…

The Economic Times

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International Business Times

Oil Climbs As U.S. And Iran Trade Fresh Strikes, End Of The War Remains Out Of Sight

Oil climbed on Wednesday as the U.S. and Iran traded fresh strikes.

Barchart

Dollar Rallies on Strength in Crude and the US Economy

The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the...

Barchart

Fresh Clashes Between the US and Iran Boost Crude Oil Prices

July WTI crude oil (CLN26 ) on Wednesday closed up +2.26 (+2.41%), and July RBOB gasoline (RBN26 ) closed down -0.0127 (-0.40%). Crude oil prices rallied to a 1.5-week high on Wednesday and settled sharply higher as clashes between the US and Iran cast doubt on prospects for a peace...

AAP

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Wednesday:

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The Economic Times

Iran fires missiles, US strikes Iran facility after reports of faltering peace talks

Iran's paramilitary Revolutionary Guard said it had targeted the headquarters of the US Navy's 5th Fleet in Bahrain and another country in its attack, without naming Kuwait. It said it launched its attack in response to the US firing a missile into the engine room of another oil tanker trying…

Barchart

Soybeans Falling Lower on Wednesday

Soybeans are falling with 6 to 9 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price is down 9 cents at $10.97 3/4. Soymeal futures are $2.30 to $4 lower, with Soy Oil futures 60 to 80 points higher. As Wall Street Journal report stated...

Barchart

Cotton Facing Weakness on Wednesday

Cotton futures are trading with 45 to 73 point losses across most contracts on Wednesday. The US dollar index is up $0.296 at $99.480. Crude Oil is another $1.96 higher to $95.72 The Seam reported sales on 137 bales on Tuesday at an average of 69.80 cents/lb. The Cotlook A...

The Economic Times

85% ethanol-ready bikes are here: Hero launches new Splendor+ and HF Deluxe; Check prices, specifications and features

Hero MotoCorp introduces India's first mass-market flex-fuel motorcycles. The Splendor+ Flex Fuel and HF Deluxe Flex Fuel can run on petrol blended with up to 85% ethanol. This launch supports India's clean mobility goals and reduces dependence on imported crude oil. These bikes will be available from July 2026, marking…

Evening Standard

Oil price climbs as Middle East tensions flare

The FTSE 100 closed down 41.21 points, or 0.4%, at 10,332.30.

The Economic Times

Collapse is near: Trump's window to resolve Iran crisis closing fast

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world…

AAP

Oil prices climb back toward $100, and US stocks halt their record-breaking rally

Oil prices are rising following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks are retreating their records

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