The Latest Breaking News from Oil

October WTI crude oil (CLV25 ) on Wednesday closed down -1.62 (-2.47%), and October RBOB gasoline (RBV25 ) closed down -0.0308 (-1.51%). Crude oil and gasoline prices retreated on Wednesday due to concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase...

Soybeans are trading with another round of losses at midday, with contracts 8 to 9 cents lower. There were 586 deliveries issued against September beans. The cmdtyView national average Cash Bean price is down 8 3/4 cents at $9.55 1/4. Soymeal futures are down within 60 cents of unchanged at...

Cotton futures are trading steady to 11 points higher, with October thin and up 76 points. The US dollar index is up $0.367 on the day to $97.980, with crude oil futures $1.69 lower. The weekly NASS Crop Progress report showed 90% of the US cotton crop setting bolls as...

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 150 points on Wednesday.

A new study says the world has far fewer places to securely store carbon dioxide deep underground than previously thought, steeply lowering its potential to help stem global warming

October WTI crude oil (CLV25 ) today is down -1.75 (-2.67%), and October RBOB gasoline (RBV25 ) is down -0.0301 (-1.47%). Crude oil and gasoline prices are falling sharply today on concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase in...

British-Dutch oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business.

The U.S. Treasury sanctioned Iraqi businessman Waleed al-Samarra'i and his companies for smuggling Iranian oil disguised as Iraqi crude, a $300M operation funding Tehran's regime.

Several viral online claims are suggesting that Spanish olive oil is being secretly mixed with Moroccan oil. Others say that the government is preparing to recall olive oil products from the market due to overproduction. One of these claims is false - and the other, only partially true.

Cotton price action is 11 to 31 points higher so far on Wednesday morning. Futures were down 49 to 64 points on the Tuesday session. The US dollar index was up $0.575 on the day to $98.265, with crude oil futures $0.96 higher. Th weekly NASS Crop Progress report showed...

Soybeans are down 2 to 5 cents across most contracts early on Wednesday Futures posted losses of 9 to 13 ½ cents across most contracts on Tuesday. Preliminary open interest showed some rotation of ownership, down 1,310 contracts on Tuesday. There were 586 deliveries issued against September beans, all by...