The Latest Breaking News from Oil

Positioning in the oil markets show a potential for a "pain trade" where a squeeze in supply could come about, spiking oil prices much higher

The bombing of the Druzhba pipeline has disrupted oil supplies to Hungary and Slovakia and exposed new political rifts in Central Europe. RFI spoke with Andreas Goldthau of the Willy Brandt School of Public Policy about the wider implications for regional energy security and the shifting dynamics between Russia, Ukraine…

Plywood decoy can also be used as flying bomb; Zelenskyy calls for Europe air shield and blasts allies for ‘statements but lack of action’. What we know on day 1,296

Soybeans fell back into the Wednesday close, with contracts 5 to 6 cents in the red. The cmdtyView national average Cash Bean price was down 5 ¾ cents at $9.47 1/2. Soymeal futures closed Wednesday with losses of $2.80 to $5.30, with Soy Oil futures 36 to 54 points higher....

Cotton futures posted 21 to 22 nearby gains on Wednesday, with October up 91 points on low volume. The US dollar index is down $0.037 on the day to $97.725 with crude oil futures $1.12 higher. The Seam reported 2,486 bales sold on Tuesday at an average price of 62.21...

Trump's ripping up conservation rules because trees don't drill for oil.

October WTI crude oil (CLV25 ) on Wednesday closed up +1.04 (+1.66%), and October RBOB gasoline (RBV25 ) closed up +0.0155 (+0.78%). Crude oil and gasoline prices settled higher due to an escalation of geopolitical risks in Europe after Poland shot down drones that crossed into its territory during Russia's...

October NY world sugar #11 (SBV25 ) on Wednesday closed up +0.09 (+0.57%), and October London ICE white sugar #5 (SWV25 ) closed up +6.60 (+1.37%). Sugar prices moved higher on Wednesday due to a +1% rally in WTI crude oil (CLV25 ) prices. Stronger crude prices benefit ethanol prices...

Cotton futures are trading 20 to 30 points higher across most contracts at Wednesday’s midday, with thin October up 67 points. The US dollar index is down $0.032 on the day to $97.720 with crude oil futures $1.35 higher. The Seam reported 2,486 bales sold on Tuesday at an average...