The Latest Breaking News from Oil

How drugs leach out of your sweat (and can spoil your sofa)

Like all consumer products, sofas come with instructions for how best to use and maintain them.

The Conversation · Aug 6

Stocks Fall And Oil Jumps As Investors Assess Negotiations To Reopen The Hormuz Strait

Stocks fell and oil rose on Thursday as investors assess negotiations to reopen the Strait of Hormuz.

International Business Times · Aug 6

US stocks: Dow, S&P slip as investors eye Mideast talks, earnings

Major stock indexes closed lower on Thursday, pausing after a strong start to the week. Investors digested corporate earnings and looked for progress toward a peace deal between the U.S. and Iran. Oil prices rose, with U.S. crude settling up 2.75% at $77.29 a barrel. Data storage companies Western Digital…

The Economic Times · Aug 6

A deal to reopen the Strait of Hormuz nears – but Iran now holds all the cards

THE INDEPENDENT VIEW: Editorial: We should applaud any breakthrough that lessens the risk of a global recession, but this is no victory for Donald Trump and only highlights the folly of the president’s senseless war

The Independent UK · Aug 6

4 Oil and Gas ETF Plays as Prices Stay Sky-High

With oil and gas prices elevated amid the Iran conflict, investors can consider ETFs like UGA, USOY, OILU, and PXJ, each offering distinct risk levels and strategies for energy exposure.

MarketBeat · Aug 6

Cotton Holding Steady at Midday

Cotton futures are holding near unchanged on Thursday, with contracts down 5 to 5 points higher in the nearby months. Crude oil is back up $2.81 per barrel, with the US dollar index $0.304 higher. Export Sales data showed net cancellation of 55,855 RB of 2025/26 cotton in the week...

Barchart · Aug 6

Soybeans Slipping Slightly on Thursday

Soybeans are trading with most contracts fractionally to a penny lower on Thursday. The cmdtyView national average Cash Bean price is down 1/2 cent at $11.28 1/2. Soymeal futures are up 50 to 70 cents so far on Thursday with Soy Oil 10 points higher to down 37 points. There...

Barchart · Aug 6

US is set to import most Middle East crude since Iran war began

US crude imports from the Middle East are reaching their highest levels since the Iran war began. This surge is driven by a brief Strait of Hormuz opening and Saudi oil rerouting. Saudi Arabia is sending crude through the Suez Canal to the United States. This redirection has tightened supplies…

The Economic Times · Aug 6

Ahead of Market: 10 things that will decide stock market action on Friday

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience.

The Economic Times · Aug 6

Crude Oil Prices Jump on Uncertainty Over Middle East Supplies

September WTI crude oil (CLU26 ) is up +1.83 (+2.43%) today, and September RBOB gasoline (RBU26 ) is up +0.0777 (+2.74%). Crude oil and gasoline prices are climbing today on uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a reported missile attack...

Barchart · Aug 6