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The Latest Breaking News from Oil

Man Reads 'Leaked' AutoZone Memo. Then He Stocks Up: 'I Have 30 Cases On Hand'

"They had a meeting about this..."

Motor1

India faces test of oil, inflation and monsoon risks despite economic resilience, FinMin report shows

India's economy shows cautious resilience. Domestic strengths support the outlook despite global challenges. Manufacturing and services are growing. Labour markets are stable. Foreign exchange reserves offer protection. However, rising crude prices, tighter finances, and a weak monsoon pose risks. Inflation needs careful watching. Navigating the coming year requires adaptability to…

The Economic Times

Can you have a cappuccino after 11am? The Italy faux pas all tourists should know

It’s surprisingly easy to embarrass yourself while holidaying in Italy – having made the country her home for the past 17 years, Elizabeth Heath shares the ‘gaffes’ that travellers should look out for

The Independent UK

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Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?

Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines. Diplomatic efforts continue, but differing descriptions of a potential deal persist. Geopolitical tensions remain a factor. Analysts suggest restoring normal…

The Economic Times

Quarter of big oil tankers trapped by Iran war have escaped

Twenty-nine of 109 vessels capable of hauling 700,000 barrels or more have crossed the Strait of Hormuz, with many switching off navigation instruments to avoid hostilities.

The Economic Times

Rupee depreciation: What are the implications for commodities and Indian economy?

The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits, and global tensions, has significantly impacted commodity prices, pushing inflation higher. While the RBI intervenes, the rupee faces a mild depreciating bias.

The Economic Times

John Swinney steps up calls to end ‘Westminster rip-off’ over energy

JOHN Swinney has stepped up his calls for Holyrood to be given control over energy, insisting it is the only way to end the current “Westminster…

The National (Scotland)

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Gulf's other war: Inside UAE's hidden role behind strikes on Iran despite ceasefire — Report

The UAE's involvement in the Middle East conflict was deeper than previously known, with coordinated strikes on Iran, including energy facilities, even after an April ceasefire. These actions exposed divisions within the Gulf, as Saudi Arabia expressed concerns about escalating risks to regional energy supplies and global markets.

The Times of India

Petrol, diesel prices today on May 30: Have fuel rates changed? Check latest prices in Delhi, Mumbai, Bengaluru, Kolkata and more

Petrol, diesel prices today: Fuel prices in India remained steady on May 30, offering a brief respite after recent increases. Prices, however, remain elevated due to a surge in global crude oil rates and ongoing geopolitical tensions. This pause comes after significant hikes that pushed fuel prices to their highest…

The Economic Times

Strait of Hormuz ship transits are rising thanks to help from US

Shipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels. Recent transits, some with satellite transponders off, suggest a potential boost in trade flow. This comes amid hopes for a broader reopening of shipping routes tied to a potential US-Iran…

The Economic Times

California air regulators update a key climate program, sparking pushback from environmentalists

California air regulators have updated a key climate program Friday

AAP

Swinney steps up calls to end ‘Westminster rip-off’ over energy

The SNP leader is campaigning in Aberdeen on Saturday ahead of the Aberdeen South by-election on June 18.

Evening Standard

Soybeans Slip Lower into Month End

Soybeans saw fractional losses in some deferreds, with nearbys down 7 ¾ cents on Friday. July was down 9 ¾ cents this week. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.25 3/4. Soymeal futures were down $2.20 to $4.30, with July down $2.10 on...

Barchart

Cotton Closes Mixed on Friday

Cotton futures were down 10 to 62 points in the front months, with other contracts up 6 to 26 points. July was down 127 points this week, with December up 26 points. The US dollar index was $0.044 lower at $98.925. Crude Oil was a pressure factor, down $1.14/bbl, money...

Barchart

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Barchart

Corn Faces Month End and Outside Pressure on Friday

Corn futures posted 2 to 9 cent losses across the board on Friday with money coming out at month-end. July fell 16 ½ cents this week. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement...

Barchart

Wheat Falls into the End of the Month

The wheat complex fell double digits across most contracts on Friday. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran. Chicago SRW futures were down 10 to 13 cents in...

Barchart

Stocks Rally on Easing Geopolitical Tensions and AI Enthusiasm

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.36%. June E-mini S&P futures (ESM26 ) rose +0.19%, and June E-mini Nasdaq futures...

France 24

Iran: Is Trump “Bored”?, Bolivia at “Breaking point” A Spanish Scandal

It’s been a week where, 90 days into the conflict and ceasefire stand-off with Iran, both Tehran and Washington are insisting time is on their side — each claiming the other needs a deal more urgently. Pressure is growing on the Trump administration with soaring energy prices and midterm elections…

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Barchart

Dollar Falls as Stocks Rally on Iran Deal Optimism

The dollar index (DXY00 ) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally in stocks, reducing liquidity demand for the dollar. Also, Friday’s -1% fall in WTI crude oil to a 5-week low lowers inflation...

Barchart

US-Iran Peace Hopes Weigh on Crude Oil Prices

July WTI crude oil (CLN26 ) on Friday closed down -1.54 (-1.73%), and July RBOB gasoline (RBN26 ) closed down -0.0665 (-2.14%). Crude oil and gasoline prices retreated on Friday, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed...

AAP

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Friday:

The Economic Times

War & AImpact: China's export-price jump fastest in 3 years

China's export prices surged 5% in April, the fastest in three years, driven by global energy costs and AI demand for commodities like oil, metals, and semiconductors. While these sectors saw price hikes, most Chinese goods remain subject to falling prices due to intense domestic competition and oversupply, limiting manufacturers'…

Bangkok Post

Optimism about peace pact lifts equities

RECAP: Asian stock markets rose and oil prices receded yesterday, boosted by optimism that the United States and Iran will reach a deal to end their war that has hobbled global energy supplies.

Fortune

Russia warns war costs are ravaging its finances while Ukrainian 'drone overmatch' sends Putin's forces reeling in new phase of combat

Economic growth is also stagnating, with GDP expected to tick up just 0.4% this year, down from a previous view for 1.3%.

The Economic Times

Fed officials mull raising rates to curb growing inflation risk

Federal Reserve officials signalled potential rate hikes if Middle East tensions drive a prolonged energy shock and keep inflation elevated. Policymakers, including Michelle Bowman, warned inflation risks remain high above target, while markets shift expectations from rate cuts to possible tightening as oil prices and supply disruptions persist.

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