The Latest Breaking News from Oil

Stocks Rally on Easing Geopolitical Risks and US Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.081%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.40%. September E-mini S&P futures (ESU26 ) are up +1.11%, and September E-mini Nasdaq futures...

Barchart · Aug 3

Large Caps Across Planes, Tech and Oil Announce Over $10 Billion in Buybacks

Airbus, Jabil and Valero Energy each announced buybacks exceeding $10 billion combined, backed by strong earnings, guidance, and stock performance in their respective sectors.

MarketBeat · Aug 3

Oil prices drop after Trump cancels strikes on Iran amid peace talks

Brent crude oil fell below 83 US dollars (£61.73) a barrel on Monday, down nearly 6%.

Evening Standard · Aug 3

Trump hails Chevron's comeback, tells oil firms: 'Get your consumer (retail) oil prices down, now'

Donald Trump stated his administration's policies fueled Chevron's success and growth. He highlighted the company's return to Venezuela as a significant achievement. Trump urged energy companies to reduce consumer fuel prices immediately. He believes the oil industry would have failed without his administration's strength. The former president emphasized lower energy…

The Economic Times · Aug 3

Confused about carbon capture? Experts explain why we need different types

The production of steel, concrete, fuel and agriculture chemicals is energy intensive. These industries critically rely on vast amounts of fossil fuels (coal, oil and gas) because the electricity grid doesn’t yet have enough capacity to distribute, store and supply renewables at scale.

The Conversation · Aug 3

Chevron Stock Moves Higher on Strong Results -Shorting CVX Puts and Calls Works Here

Chevron stock rose Friday on strong Q2 results. If oil and gas prices stay elevated, CVX stock could be undervalued. Shorting out-of-the-money CVX puts and calls is an attractive play here.

Barchart · Aug 3

Around 1900, the US planted Chinese tallow across the Gulf Coast as a commercial oil crop; it later invaded southern forests and can be toxic to cattle

Chinese tallow trees, once valued for commercial oils, now pose an invasive threat. These fast-growing trees spread rapidly across southern United States forests and grasslands. Their dense growth outcompetes native vegetation and alters wildlife habitats significantly. Controlling these invasive species requires persistent, combined management strategies. Preventing new ornamental plantings remains…

The Times of India · Aug 3

Bitcoin Price: Coldcard Wallet Exploit Drives BTC Below $63,000 as Losses Near $89 Million

Bitcoin slid below $63,000 on Monday despite easing oil prices and firmer stock futures, as mounting losses from a Coldcard wallet exploit unnerved traders.

International Business Times UK · Aug 3

Cotton Slipping Back on Monday Morning

Cotton price action is down 76 to 127 points so far on Monday morning. Futures closed the Friday session with contracts 53 to 112 points. December managed to close the week with a 181 point gains. Crude oil was back up $3.21 per barrel, with the US dollar index back...

Barchart · Aug 3

Market wrap: TCS, IndiGo, Sun Pharma among top gainers and losers on Nifty and Sensex on Monday

Indian benchmark indices surged on Monday after easing crude oil prices, sparked by renewed US-Iran talks, boosted investor sentiment. The Sensex jumped 544 points and the Nifty climbed 1.6%, adding nearly Rs 5 lakh crore to BSE market capitalisation. TCS, IndiGo and Infosys led gains, while Sun Pharma and Apollo…

The Economic Times · Aug 3