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The Latest Breaking News from Oil

Stocks Settle Higher on Tech Earnings and Ceasefire Optimism

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.49%. June E-mini S&P futures (ESM26 ) rose +0.23%, and June E-mini Nasdaq futures...

Barchart

Nasdaq Extends Winning Streak to 12: Stock Market Today

Crude oil was up again, and stocks were, too, as developments in the Middle East continue to command attention, but not broad price action.

Kiplinger

Jet fuel supplies are lagging. What does that mean for airlines and travelers?

A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn’t start flowing soon

The Independent UK

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Gasoline Price Predictions: Why Trump Is Calling for High Costs at the Pump to Last Through November (At Least)

Trump is warning Americans that gas prices, now averaging over $4 per gallon, could stay elevated or rise further through November because the Iran conflict and Strait of Hormuz disruption have tightened global oil supply.

Barchart

Crude Oil Rallies on Concerns US-Iran War to Persist

May WTI crude oil (CLK26 ) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26 ) closed up +0.0945 (+3.08%). Crude oil and gasoline prices rallied sharply on Thursday as the US naval blockade of the Strait of Hormuz entered its fourth day, curbing oil supplies from the...

Barchart

Should We Expect Wide Swings in the Crude Oil Futures Markets?

Markets across all asset classes have been following crude oil since late February. We witnessed an explosive rally from the late 2025 and early 2026 lows to the March 2026 high. If the current rally resembles previous price spikes, it may not be long before the leading energy commodity experiences…

Barchart

Hannah Bronfman on Designing a Quietly Luxurious Home That Feels Calm, Personal, and Effortlessly Elevated

From meaningful interior details to mood-shifting rituals, Hannah exclusively reveals how her home is curated to restore and inspire

Homes & Gardens

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No extra fuel security measures after refinery inferno

An increase in Australia's fuel security level is not being considered, despite a major fire at an oil refinery disrupting 40 per cent of petrol production.

AAP

Why drilling in the North Sea won’t bring down UK energy prices

Trump, Farage, the Tories and the right-wing press are all calling for it, but here's why experts say extracting oil and gas from the North Sea can't bring down UK energy prices

The Independent UK

Sugar Prices Follow Crude Oil Higher

May NY world sugar #11 (SBK26 ) on Thursday closed up +0.15 (+1.11%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +6.00 (+1.46%). Sugar prices settled higher on Thursday as a +3% rally in crude oil prices (CLK26 ) sparked short covering in sugar futures. Higher crude...

Barchart

3 Ways to Keep Control of Your Investments as Oil Prices Create Turbulence

Traders and speculators are already executing their respective plans. Here's what investors can do about the energy shock.

Kiplinger

War in the Middle East hasn’t triggered a coal comeback, but it is boosting renewables

Countries have few incentives to permanently pivot back to coal, even during the worst energy disruption in history.

Fortune

Scottish Parliament ‘paying lip service’ to oil and gas industry – Kemi Badenoch

The Conservative leader made her comments while on a visit to Scotland.

Evening Standard

Cotton Rally Extending to New Highs

Cotton futures are continuing the rally on Thursday, with contracts up 70 to 85 points so far. The US dollar index is $0.209 higher at $98.060. Crude oil is up $3.09 so far on the day. USDA Export Sales data from this morning showed a total of 161,101 RB of...

Barchart

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Barchart

Soybeans Firming Higher at Midday

Soybeans are trading with contracts fractionally higher in the nearbys to a nickel higher in the new crop months. The cmdtyView national average Cash Bean price is up 3/4 cent at $11.02 1/2. Soymeal futures are $2 to $3 lower on the day, with Soy Oil futures up 190 to...

Barchart

Crude Oil Strength Sparks Short Covering in Sugar

May NY world sugar #11 (SBK26 ) today is up +0.15 (+1.11%), and Aug London ICE white sugar #5 (SWQ26 ) is up +6.20 (+1.50%). Sugar prices are moving higher today as a +2% rally in crude oil price (CLK26 ) sparked short covering in sugar futures. Higher crude prices...

Evening Standard

Stocks buoyed by Tesco and welcome GDP surprise

The FTSE 100 closed up 30.41 points, 0.3%, at 10,589.99.

International Business Times UK

Karoline Leavitt Claimed Gas Prices Are Down Under Trump While Americans Are Paying Nearly a Dollar More at the Pump

Karoline Leavitt's claim of falling gas prices is contradicted by AAA data showing a rise since Operation Epic Fury began, as Treasury Secretary Bessent defends the administration.

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The Conversation

Electric vehicles pass tipping point, breaking the link with oil prices

When the Strait of Hormuz first closed in March and oil hit US$120 a barrel, a very old question came back: is this finally the moment electric vehicles take off for good – or just another false start?

Barchart

Crude Prices Climb as Global Oil Supplies Remain Disrupted

May WTI crude oil (CLK26 ) today is up +2.40 (+2.63%), and May RBOB gasoline (RBK26 ) is up +0.0655 (+2.13%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude oil and gasoline prices are moving higher today as the US naval...

Barchart

Stocks Edge Higher as Chipmakers Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. June E-mini S&P futures (ESM26 ) are up +0.26%, and June E-mini Nasdaq futures...

The Independent UK

BP sued in Kenya over alleged toxic waste from 1980s oil exploration

A Kenyan High Court has ruled that a class action lawsuit against BP can proceed

The Conversation

How Iran cryptocurrency demands explain a key role of money throughout history

When Iran began demanding payment in exchange for safe transit through the Strait of Hormuz, it offered the option to pay in cryptocurrency. Likewise, the shadowy network of tankers that have smuggled Russian oil to world markets since the full-scale invasion of Ukraine in 2022 have often been paid this…

The Guardian - AU

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Experts say US market ‘may have run ahead of itself’ while ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel imports

Motor1

Man Says Only 'An Idiot' Goes To Valvoline For An Oil Change. Then An Expert Steps In: 'Former Valvoline Tech Here...'

An oil change is one of those tasks you do about every six months, either DIYing it or taking your car to a local service center. Because it's so simple and inexpensive, most drivers don’t pay it much mind.

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