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The Latest Breaking News from Oil

Oil prices climb back toward $100, and the record-breaking rally for US stocks stalls

Oil prices are rising following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks are stalling near their records

AAP

Stocks Pressured as Middle East Flare-Ups Boost Crude Oil

The S&P 500 Index ($SPX ) (SPY ) today is down -0.57%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.60%. June E-mini S&P futures (ESM26 ) are down -0.50%, and June E-mini Nasdaq futures...

Barchart

Ukrainian drones hit St Petersburg oil terminal before the Russian city hosts economic forum

President Volodymyr Zelenskyy says that long-range Ukrainian drones have struck an oil terminal in the Russian city of St. Petersburg

AAP

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Oil prices climb back toward $100, but US stocks hang near their records

Oil prices are rising back toward $100 per barrel, but U.S. stocks are nevertheless holding near their records

AAP

Ukraine strikes St. Petersburg with drones ahead of 'Russian Davos'

Ukrainian drone attacks in St. Petersburg targeted military and energy infrastructure overnight into Wednesday, setting ablaze a Russian warship and oil depots on the Baltic coast. This attack deep in Russian territory came on the opening day of Putin's three-day economic forum held in the city and as NATO Secretary…

France 24

Current price of oil as of June 3, 2026

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

Fortune

Fuel Prices To Remain Elevated In The U.S. Even If Hormuz Strait Is Reopened Soon With Inventories Almost Depleted

Global oil and gas inventories are almost depleted as the Strait of Hormuz has been closed for over three months. As a result, even if the key waterway is quickly reopened, U.S. consumers will still face high fuel prices.

International Business Times

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Cotton Slipping Back on Wednesday Morning

Cotton price action is down 55 to 81 points so far on Wednesday. Futures posted gains of 38 to 73 points in most contracts on Tuesday. The US dollar index was up $0.023 at $99.170. Crude Oil was $1.23 higher to $93.39 The weekly NASS Crop Progress report showed 66%...

Barchart

How methane policy will make or break the climate crisis

There’s no sign that methane emissions are declining globally.

The Conversation

Early trading on Wall Street mixed as oil prices tick higher with Iran cease fire under strain

Premarket trading on Wall Street was mixed while oil prices continued their ascent and Japan's Nikkei 225 index topped 68,000 for the first time

AAP

China is a ‘very big problem’ for EU sanctions against Russia, O’Sullivan tells Euronews

Exclusive: As the bloc readies its 21st sanction package against Russia for the country’s ongoing invasion of Ukraine, the EU Sanctions Envoy David O’Sullivan revealed to Euronews that Beijing remains a “very big problem” for the efficacy of measures.

Euronews

Ukraine drones strike St Petersburg oil terminal, naval base as Russia reports bus attack killing 8 civilians

Ukraine launched deep drone strikes on St. Petersburg's energy and military sites, including an oil terminal and naval base, just as Russia hosted its economic forum. This follows a deadly Russian barrage on Ukraine. Russia accused Ukraine of a separate bus strike killing eight. The escalating drone war sees both…

The Times of India

Iran claims responsibility for attacks on US Fifth Fleet HQ, Kuwait air base

Iran's Revolutionary Guards have claimed responsibility for attacks on Kuwait and Bahrain. The strikes targeted the Ali Al Salem Air Base in Kuwait and the US Fifth Fleet headquarters in Bahrain. These actions were stated as retaliation for US attacks on an Iranian oil tanker and island. The Guards announced…

The Economic Times

Rupee falls 31 paise to close at 95.67 against US dollar

The rupee depreciated by 31 paise to 95.67 against the US dollar on Wednesday, influenced by proposed US additional duties on Indian imports due to labor violations. Strong dollar demand, rising crude oil prices, geopolitical tensions, and foreign capital outflows further weakened investor sentiment.

The Economic Times

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The Economic Times

Asia's industrial supercycle is outpacing the West Asia oil shock: Chetan Ahya, Morgan Stanley

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India…

Barchart

S&P Futures Muted as Fresh U.S.-Iran Hostilities Lift Oil and Bond Yields, ADP Jobs Report and Broadcom Earnings on Tap

June S&P 500 E-Mini futures (ESM26) are trending down -0.05% this morning as oil prices and bond yields climbed after the U.S. and Iran exchanged heavy fire in the Persian Gulf.

MyLifeXP

What Garuda Purana Reveals About Sin Will Shock You

Most people have heard about heaven and hell. But very few know about a place in Hindu scriptures that is considered one of the most terrifying realms of punishment. Its name is Kumbhipak Narak. The very mention of it creates fear and curiosity. According to the Garuda Purana, this Narak…

AAP

Ukrainian drones hit St. Petersburg oil terminal ahead of 'Russian Davos'

Ukrainian long-range drones have struck an oil terminal in St. Petersburg, setting it ablaze, according to President Volodymyr Zelenskyy

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news in one place.

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AAP

Ukraine hits St Petersburg oil depot before Putin visit

Ukrainian drones have struck an oil terminal and naval base in St Petersburg hours before President Vladimir Putin's showcase economic forum gets under way.

The Economic Times

Airlines' fuel, vehicle replacement & roadways in focus as Cabinet announces key decisions worth Rs 30,290 crore

The Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in budgetary support to Oil Marketing Companies. This aims to stabilize Aviation Turbine Fuel prices for Indian airlines. This measure addresses the current fuel price volatility. The support will help…

The Times of India

Fire engulfs St Petersburg oil terminal amid large-scale Ukrainian drone attack in Russia

A major fire broke out at an oil terminal in Russia’s St Petersburg port following a Ukrainian long-range drone attack on Tuesday night. Explosions reportedly continued into the early morning hours and the blaze spread further. Numerous videos circulating online captured loud blasts, large flames and thick columns of black…

The Guardian - UK

Ukrainian drones hit St Petersburg as ‘Russian Davos’ opens in city

Energy and military sites targeted as guests gather for economic forum where Putin is due to speak on Friday

The Independent UK

Putin’s ‘Russian Davos’ attacked by Ukrainian drones as St Petersburg oil port targeted

IN FULL

The Economic Times

RBI MPC Meeting June 2026: Check date, time, expectations and where to watch Governor Sanjay Malhotra's speech live

RBI MPC Meeting June 2026: The Reserve Bank of India's Monetary Policy Committee begins a crucial three-day meeting, with a policy announcement expected on June 5. Markets are closely watching for signals on interest rates amid rising crude oil prices and rupee pressure, though inflation remains contained. Economists largely anticipate…

AAP

World shares are mixed as Tokyo's Nikkei 225 follows Wall Street to an all-time high

Shares have opened lower in Europe

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