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The Latest Breaking News from Oil

Stocks Settle Higher on Hopes for Conclusion to Iran War

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.72%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.18%. June E-mini S&P futures (ESM26 ) rose +0.74%, and June E-mini Nasdaq futures...

Barchart

Utah, Michigan and Florida Lead the Way Among the States With the Biggest Gas Price Hikes Since the Iran War Began

Discover how rising tensions in the Middle East are driving up gasoline prices across the US, impacting drivers and sparking political debates over gas taxes. Learn which states are hit hardest and explore potential relief measures.

Latin Times

Trump will address the nation about the Iran war on Wednesday. Here’s what to expect

Oil analysts warn April will be the cruelest month yet for energy prices, and a presidential speech may not be enough to change that.

Fortune

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Stocks Rise, Oil Falls Amid Peace Talk: Stock Market Today

Market participants will pay close attention when President Donald Trump talks to the American people about the war in the Middle East tonight.

Kiplinger

Swinney softens domestic oil and gas stance in light of Middle East crisis

The First Minister was speaking on a podcast recording on Wednesday.

Evening Standard

So Donald Trump helps Iran choke off the Strait of Hormuz, and now he’s telling the world to figure out their own oil supply

President Donald Trump has launched another sharp critique against European nations for not joining his war on Iran, telling them to “go get your own oil” by force if they’re worried about fuel prices. This comes as several European countries are actively pushing back against the conflict, with France blocking…

The Mary Sue

Crude Prices Fall on Hopes for De-Escalation of Hostilities in the Middle East

May WTI crude oil (CLK26 ) on Wednesday closed down -1.26 (-1.24%), and May RBOB gasoline (RBK26 ) closed down -0.1125 (-3.51%). Crude oil and gasoline prices settled sharply lower on Wednesday amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower...

Barchart

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Israel hits Iran with waves of attacks and says it killed top Hezbollah commander

War shows little sign of easing despite Donald Trump claiming Iranian leadership ‘just asked’ for ceasefire

The Guardian - UK

Microsoft and Chevron enter exclusivity deal on powering West Texas data center complex

The colocated data center and power plant campus would start with 2.5 gigawatts of power and the potential to double that size.

Fortune

Iran launches biggest salvo of missiles in three weeks at Israel, military officials say

Iranian missile fire on Israel has slowed in the past two weeks to around 10-15 missiles a day, down from around 90 on the first day of the war.

Euronews

Crude Oil Weakness Pressures Sugar Prices

May NY world sugar #11 (SBK26 ) on Wednesday closed down -0.23 (-1.48%), and May London ICE white sugar #5 (SWK26 ) closed down -6.40 (-1.43%). Sugar prices tumbled to 2-week lows on Wednesday and settled sharply lower. Wednesday's -1% decline in crude oil prices (CLK26). undercuts ethanol prices, potentially...

Barchart

Trump officials prepping for ‘nightmare scenario’ where oil hits $150-a-barrel - and unleashes more pain at the gas pump

Officials have entered ‘all hands on deck’ mode, urgently evaluating options to tame soaring prices

The Independent UK

A third inflationary shock in less than a decade is coming: who will pay the price this time around?

Brutal past experience has taught us that a cost of living crisis doesn’t affect us all the same, because we don’t all go into it with the same income or wealth, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Soybeans Holding Weaker on Wednesday

Soybeans are showing 1 to 4 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 1 ¼ cents at $10.97 3/4. Soymeal futures are up $1.50 to $2.00, with Soy Oil futures 150 to 165 points lower. Crude Oil is weaker, down $1.56...

Barchart

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Barchart

Cotton Bulls Pushing Higher on Wednesday

Cotton futures are pushing off the early weakness on Wednesday with gains of 60 to 75 points at midday. The US dollar index is $0.614 lower at $99.140. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested Iran...

Barchart

Corn Off Early Lows But Still Weaker at Midday

Corn futures are down 2 to 4 ½ cents in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 1 cent at $4.13 1/4. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested...

Barchart

Sugar Prices Fall on Weakness in Crude Oil

May NY world sugar #11 (SBK26 ) today is down -0.27 (-1.74%), and May London ICE white sugar #5 (SWK26 ) is down -7.10 (-1.58%). Sugar prices tumbled to 2-week lows today and are sharply lower. Weakness in crude oil prices (CLK26 ) today is undercutting ethanol prices, potentially encouraging...

Latin Times

Solar Panels Help Clinics and Businesses in Cuba Stay Open Amid Power Outages and U.S. Oil Blockades

About 5,000 solar panel modules have been installed by the Cuban government in clinics and hospitals over the past six months. Meanwhile, at least 10,000 more clinics and centers are paying in installments for their own panels with government support.

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Newsroom.co.nz

Luxon risks letting a good crisis go to waste

Comment: As Air NZ CEO, Luxon would quote Churchill: 'never let a good crisis go to waste'. But in playing down the oil crisis, he's not taking a long-awaited chance to show leadership, writes Peter Dunne.

Barchart

Crude Oil Prices Tumble on Hopes for an End to the War in the Middle East

May WTI crude oil (CLK26 ) today is down -1.62 (-1.60%), and May RBOB gasoline (RBK26 ) is down -0.0787 (-2.46%). Crude oil and gasoline prices are sharply lower today amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower after weekly...

Barchart

Stocks Climb on War-End Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.97%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. June E-mini S&P futures (ESM26 ) are up +0.96%, and June E-mini Nasdaq futures...

Barchart

Commodity Roundup- March’s Top Performers and Underperformers

The old saying is that March comes in like a lion and goes out like a lamb. In the energy sector, the lion roared in early March, pushing crude oil prices to the highest level since 2022. By the end of March, oil prices were lower, but remained elevated as…

Motor1

Man Starts Job At Valvoline. Then He Remembers Their Most Important Rule: ‘No Wonder I Couldn't'

A Valvoline employee is going viral on TikTok after posting a joke about a mistake that can turn into a real headache.

The Independent UK

Bottled water prices are set to spike across the US. Here’s why

Nine in 10 Americans buy bottled water, and about one in five drink it exclusively

International Business Times UK

US Gas Price Map: States With the Biggest Hikes Since the Iran War Began

Discover how rising tensions in the Middle East are driving up petrol prices across the US, impacting drivers and sparking political debates over gas taxes. Learn which states are hit hardest and explore potential relief measures.

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