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The Latest Breaking News from Oil

Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses of $3.01 continue to add pressure. USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from...

Barchart

Corn Bears Piling on at Midday

Corn futures are trading with losses of 5 to 7 cents across most contracts on Friday. The CmdtyView national average Cash Corn price is 6 1/2 cents at $3.84 1/2. Crude oil losses of $3.01 continue to add pressure. Weekly Export Sales data has the US corn export commitments at...

Barchart

Soybeans Posting Weakness on Friday

Soybeans are showing losses of 7 to 10 cents in most contracts on Friday. The cmdtyView national average Cash Bean price is down 9 1/2 cents at $10.60 1/2. Soymeal futures are down $3.50 to $4.60 in the front months, with Soy Oil futures 230 to 253 points lower. Crude...

Barchart

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Iran War And Strait Of Hormuz Disruption Set To Reshape Energy Security Debate In The Long Term

Energy executives, economists and market analysts say the war in Iran has exposed vulnerabilities in fossil fuel supply chains while accelerating discussion about domestically generated power sources.

International Business Times

Putin is running out of money to wage war on Ukraine, and this Russian-occupied territory is running out of fuel as Kyiv smashes supply lines

Russia is reeling as casualties reach staggering heights; recruitment of replacement troops wanes; and areas far from the front lines come under attack.

Fortune

Crude Oil and Brazilian Real Weakness Undercuts Sugar Prices

July NY world sugar #11 (SBN26 ) today is down -0.10 (-0.70%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.50 (-0.56%). Sugar prices are moving lower today, under pressure from weakness in crude oil and the Brazilian real. WTI crude oil (CLN26 ) is down more...

Barchart

The Latest: US job market shows resilience with 172,000 jobs added last month

The American job market continues to show surprising strength, shrugging off the high costs of the Iran war

The Independent UK

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Crude Prices Fall on Iran Peace Hopes and Weak China Oil Demand

July WTI crude oil (CLN26 ) today is down -1.86 (-2.00%), and July RBOB gasoline (RBN26 ) is up +0.0202 (+0.66%). Crude oil prices are under pressure today, amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, today's rally in the...

Barchart

E85 vs Petrol: How much does it cost, why is it cheaper, and who can use it?

India has launched E85 ethanol-blended fuel in Delhi, priced significantly lower than standard petrol. This move aims to reduce crude oil dependence and promote cleaner mobility. While fuel efficiency may decrease, the cost savings and planned expansion of dispensing stations are expected to drive adoption of flex-fuel technology.

The Economic Times

People of Aberdeen have asked me to save ‘dying’ city, says Badenoch

Voters in the Aberdeen South Westminster seat will go to the polls for a by-election on June 18.

Evening Standard

Stocks slip on Wall Street big tech falls

Trading on Wall Street was mixed again as markets waited to comb through the latest U.S. jobs data for signs that the Iran war or AI are impacting companies' hiring

AAP

Current price of oil as of June 5, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

'India Took Advantage of Us': Trump's Blunt Verdict Before Revealing What He Really Thinks of Modi

President Trump is optimistic about a US-India trade deal, despite past tariff disputes and ongoing discussions on Russian oil imports and forced labour concerns.

International Business Times UK

Cotton Facing Early Friday Weakness

Cotton price action is down 35 to 55 points. Futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday...

Barchart

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AAP

Drone blast in Romanian port as Black Sea threat widens

A maritime drone has exploded at a Black Sea port in Romania in another incident that shows the spillover threat from the war in neighbouring Ukraine.

The Independent UK

The Big Lunch: Jamie Oliver, Nadiya Hussain and Tom Kerridge recipes for the perfect get-together

The best parties don’t need much: good food, a few friends and someone who remembered to bring pudding. To celebrate this year’s Big Lunch, some of Britain’s best-loved chefs share recipes made for gathering around the table. By Hannah Twiggs

The Guardian - UK

How a shortage of gas, engine oil and spare parts is grinding Gaza to a halt

With food and medicine already scarce, emergency services, bakeries and water supplies are increasingly being pushed to the brink

The Economic Times

Rate hikes are coming, RBI has sent a clear signal, says Anubhuti Sahay, Standard Chartered

Despite holding the repo rate steady, the Reserve Bank of India's significantly upgraded inflation forecasts signal a strong likelihood of rate hikes from August. Anubhuti Sahay of Standard Chartered highlights that elevated inflation projections, coupled with upside risks from oil prices and El Niño, suggest a deliberate sequencing of policy…

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Euronews

Trump ‘oil painting’ football image goes viral and sparks Pride Month jokes

Timing is everything, and an image reportedly posted by Donald Trump on his Truth Social platform has caused a stir, considering June is Pride Month. An inadvertent celebration?

AAP

World shares mostly decline, with South Korea's Kospi down more than 5%

World shares are mostly lower and South Korea's benchmark dropped more than 5% after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures were also trading mixed, while oil prices slipped

The Economic Times

Oil India reports natural gas presence in second Andaman offshore well

Oil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block to confirm hydrocarbon presence. The discovery is a positive indicator for future exploration in the area. OIL is currently processing seismic data for further appraisal…

The Independent UK

How the war in Iran could impact £3bn of UK pensions

INVESTIGATION: New analysis from the Bureau of Investigative Journalism and The Independent finds that billions of pounds of UK pensions have been left exposed to the ongoing conflict in the Middle East. Josephine Moulds and Nick Ferris report

Euronews

European markets open mixed as AI stocks sell-off hits Asia, South Korea drops 5%

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday.

The Economic Times

World food prices slip in May, still near three-year high, FAO says

Global food prices edge lower in May as FAO forecasts a 2% decline in world cereal production for 2026-27.

The National (Scotland)

Competition watchdog issues statement as SNP call for 'price gouging' investigation

The competition and consumer rights watchdog has issued a statement in response to the SNP calling for an investigation into fuel 'price…

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