The Latest Breaking News from Oil

Oil on track for weekly loss even as Iran tensions simmer

Oil prices have dipped, bringing an end to a two-week rally in crude futures. The United States has announced that there are no current negotiations happening with Iran. Geopolitical tensions have ramped up following a warning issued by Russia to Britain, and Donald Trump has speculated that Russia will refrain…

The Economic Times · Aug 28

Why Temple Sanctums Are Built in Total Darkness and What It Does to Your Perception

The Architecture Was Never About the DarkYou walk in from the street, from noise and heat and the ordinary friction of the day, and within three steps the light is gone. Not dimmed. Gone. The garbhagriha, the womb-chamber at the centre of nearly every Hindu temple, admits no windows. The…

Times Life · Aug 28

Trump administration weighs US ownership stake in Venezuela’s vast oil reserves: Report

The Trump administration is discussing a potential US ownership stake in Venezuela’s oil industry, Axios reported, covering more than a dozen fields holding about 90 billion barrels of proven reserves. The proposal could bring private US companies into developing the assets, increase Venezuelan oil revenues and significantly expand US access…

The Economic Times · Aug 28

Crude Oil Settles Higher on Diplomacy Doubts to End US-Iran War

October WTI crude oil (CLV26 ) closed up +1.30 (+1.58%) on Thursday, and October RBOB gasoline (RBV26 ) closed up +0.0298 (+1.01%). Crude oil and gasoline prices settled higher on Thursday. Crude prices rallied Thursday after a Wall Street Journal report said the US has no interest in returning to...

Barchart · Aug 27

The Trump Admin. Has a Cozy Relation With Venezuela's Interim Govt. It's Reportedly Closing In On Its Oil Reserves.

The deal would more than double the U.S.'s oil reserves.

International Business Times · Aug 27

When Will Crude Oil Prices Stabilize?

Crude oil prices have declined from the March 2026 high, but they remain highly volatile, driven by uncertainty and hostilities in the Middle East. Crude oil’s trend since March 2026 has been bearish, but the potential for price spikes remains a clear and present danger in late August 2026.

Barchart · Aug 27

Oil Prices Are Boosting Trump's Investments. The White House Reiterates The Portfolio is Independently Managed.

A report written by Democrats says Trump made at least $15.5 million on oil and gas stock.

International Business Times · Aug 27

OPEC+ Can't Control Oil Prices Like It Used To. China Is Filling the Power Vacuum.

Production announcements that once could send oil prices soaring or tumbling are having far less impact.

International Business Times · Aug 27

Soybeans Bouncing Off Early Lows for Midday Strength

Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $12.32 1/2. Soymeal futures are $1.30 to $1.70 higher so far on the day, with Soy Oil back...

Barchart · Aug 27

Cotton Rallying on Thursday Despite Weaker Export Sales

Cotton futures are trading with contracts 113 to 195 points higher across the nearbys on Thursday. Crude oil is up 50 cents per barrel, with the US dollar index $0.049 lower. Export Sales showed a total of just 95,726 RB in 2026/27 sales in the week of 8/20. That was...

Barchart · Aug 27