The Latest Breaking News from Oil

Phillips 66 (NYSE:PSX) announced on Tuesday that it will acquire the remaining 50% stake in WRB Refining LP from Cenovus Energy Inc. (NYSE:CVE) for $1.4 billion in cash, giving it full ownership of two U.S. refineries it has operated since 2007.

Cotton prices are showing 9 to 23 point gains early on Tuesday. Futures closed the Monday session with gains of 18 points across the front months. The outside markets were supportive factors, as the US dollar index was down $0.313 on the day to $97.415 and crude oil futures $0.57...

As rate cuts are around the corner, it is clear that some names will start to do well, especially ones that now trade at discounted prices.

Market Forces and other groups say a super fund needs to take a firmer stance against Australian oil and gas companies Woodside and Santos.

October WTI crude oil (CLV25 ) on Monday closed up +0.39 (+0.63%), and October RBOB gasoline (RBV25 ) closed down -0.0056 (-0.29%). Crude oil and gasoline prices on Monday settled mixed. Crude found support Monday from a weaker dollar and after OPEC+ raised its production at a lower rate than...

Measures so far have not induced Moscow to stop the war in Ukraine. Will fresh sanctions finally halt Putin’s advance?

Cotton futures are trading with Monday gains of 29 to 36 points at midday. The outside markets are supportive factors, as the US dollar index is down $0.150 on the day to $97.620 and crude oil futures $0.38 higher. Spec funds in cotton futures and options were increasing their already...

The FTSE 100 index closed up 13.23 points, or 0.1%, at 9,221.14.

October WTI crude oil (CLV25 ) today is up +0.73 (+1.18%), and October RBOB gasoline (RBV25 ) is up +0.0046 (+0.23%). Crude oil and gasoline prices are moving higher today due to a weak dollar. Crude is also climbing after OPEC+ raised its production at a lower rate than expected....