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The Latest Breaking News from Oil

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...

Barchart

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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.

Latin Times

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.

Newsroom.co.nz

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

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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…

Barchart

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.

Motor1

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

The Independent 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.

International Business Times UK

‘You weren’t there for us’: 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

Trump has his own oil problems to worry about.

We Got This Covered

Oil Price Predictions Surge to $200 a Barrel as the Strait of Hormuz Blockage Drags On

Discussion of a recent analyst perspective on the price of oil increasing.

Barchart

In Europe, lobbyists are using soaring fuel prices to make the case for more dirty energy

The argument for transitioning to renewables seems stronger than ever – and yet, attacks mount on the carbon price scheme that underpins the EU’s success at cutting pollution

The Guardian - UK

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Clever Dude

Mechanics Warn: New Engines Are Failing in Just 5 Years — And Oil Is the Hidden Reason

Engines that once promised a decade or more of smooth, rumbling reliability are now packing up and quitting after barely five years. Modern cars gleam with technological wizardry, from turbocharged powerhouses to smart sensors that monitor everything from tire pressure to brake wear. But underneath that shiny exterior, something sinister…

Latin Times

Rubio Points to Free Elections as End Goal for Venezuela Amid Renewed Calls for Patience: 'That Point Has to Come'

The Secretary of State said the country is now in a recovery phase, pointing to domestic economic improvements and benefits for the United States through oil exports

Barchart

The Strait of Hormuz Crisis Isn't Ending Anytime Soon. 3 Charts I'm Watching to Determine What Comes Next.

The crisis in the Strait of Hormuz is like a hurricane that has been wreaking havoc over the global economy. Is the storm about to blow over?

Barchart

Alcoa Stock Has Surged Higher on Aluminum Price Spike. 1 Analyst Still Thinks It Can Gain 14%.

The Street-high price target is $78, and aluminum is being hailed as the next oil.

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The Independent UK

‘We depend very little on it’: Rubio non-committal on US helping reopen Strait of Hormuz

Marco Rubio has said that the US is not concerned about the closure of the Strait of Hormuz, which normally accounts for around a fifth of the world’s oil trade.

Latin Times

Russia Calls Cuba 'Closest Partner,' Says: 'We Have No Right to Abandon Them'

A Russian tanker carrying roughly 730,000 barrels of crude arrived at the Cuban port of Matanzas this week, marking the first such delivery in three months

The Guardian - US

‘Fossil-fuel imperialism’: Trump’s hankering for Iranian oil runs deep

Experts say the US believes it is entitled to resources it desires – a perspective president has supported for decades

The Guardian - UK

Would more North Sea drilling mean lower energy prices for UK consumers?

Kemi Badenoch claims increased UK oil and gas production would cut bills by £200, but critics say plan won’t work

Roll Call

Trump to address nation on Iran as gas prices rise, poll numbers drop — and midterms loom

President Donald Trump will address the nation Wednesday night as soaring gas prices, an unpopular war in Iran and his slumping approval number have become a collective political thorn for Republicans heading into November’s midterm elections. Trump will use the prime-time address to repeat his Tuesday declaration that the U.S.…

International Business Times UK

US Will Be 'Done in Iran' in 2-3 Weeks, Shifts Strait of Hormuz Duty—'Countries That Rely on it Must Step Up'

President Donald Trump has announced the US military could be 'done' in Iran within three weeks. He has ordered allies to secure the Strait of Hormuz and warned the UK to 'fight for yourself'.

International Business Times

White House Reportedly Discussing The Possibility That Oil Will Climb To $150 Per Barrel

Trump officials are discussing the possibility that oil prices will climb to $150 a barrel, a development that could further alter the global economy, according to a new report.

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