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The Latest Breaking News from Oil

AAP Rolling News Bulletin May 22, 0600

AAP Rolling News Bulletin for May 22 at 0600

AAP

Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz boosted safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

We'll probably destroy it after we get it: Trump redraws red line on Iran's nukes

Supreme Leader Ayatollah Mojtaba Khamenei has, however, issued a directive that the uranium should not be sent abroad, two senior Iranian sources told Reuters before Trump's comments. Trump also railed against Tehran's intentions to charge fees for use of the Strait of Hormuz off its coast, where a fifth of…

The Economic Times

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Crude Oil Prices Tumble on Hopes for Iran Peace Progress

July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline prices erased an early rally on Thursday and settled sharply lower, with gasoline falling to a 2-week low. Crude prices tumbled on hopes that...

Barchart

AAP Rolling News Bulletin May 22, 0530

AAP Rolling News Bulletin for May 22 at 0530

AAP

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Thursday:

AAP

How High Can Gasoline Rise During the 2026 Driving Season?

Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities in the Middle East have turbocharged gasoline’s seasonal rally, lifting prices to the highest level since the 2022 driving season, when the war in Ukraine raised…

Barchart

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A turn lower for oil prices helps US stocks erase earlier losses

Oil prices keep swinging, causing U.S. stocks to waver on Thursday

AAP

AAP Rolling News Bulletin May 22, 0500

AAP Rolling News Bulletin for May 22 at 0500

AAP

India-UAE energy agreement: This Emirati strategy has power

India and the UAE have signed a significant energy agreement. This deal allows the UAE to store crude oil in India's reserves. It also explores new storage facilities and potential crude oil storage in Fujairah. This arrangement enhances energy security for India and reduces concentration risk for the UAE.

The Economic Times

US stocks swing from losses to small gains following the latest reversal for oil prices

Hour-to-hour swings for oil prices keep jerking financial markets around, and U.S. stocks are drifting higher following the latest reversal

AAP

AAP Rolling News Bulletin May 22, 0430

AAP Rolling News Bulletin for May 22 at 0430

AAP

AAP Rolling News Bulletin May 22, 0400

AAP Rolling News Bulletin for May 22 at 0400

AAP

Bowen to back electrification at UN climate summit

Australia and Turkey have revealed the global oil crisis will prompt a major focus on electrification at the United Nations climate talks in November.

AAP

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The Economic Times

‘The US-Iran war will hurt both food consumers — and producers’

The US-Iran conflict threatens global food supplies. Rising oil prices increase fertilizer and transportation costs. This impacts food production and affordability, especially in developing nations. Climate change and El Nino add further pressure. Experts warn of growing food insecurity worldwide. Diversification and open trade are recommended policies to mitigate these…

Barchart

Cotton Falling at Thursday’s Midday

Cotton futures are trading with contracts down 300 to 366 points on the Thursday session. The US dollar index was $0.306 higher at $99.320. Crude oil is up $1.75 on the day to $100.08. USDA’s Export Sales report from Thursday morning showed 131,792 RB of cotton sold for 2025/26 in...

Barchart

Soybeans Easing Lower on Thursday

Soybeans are trading with 2 to 4 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 3 1/4 cents at $11.34 1/2. Soymeal futures are down 80 cents to $1.30 on the day, with Soy Oil futures 2 to 12 points lower. Export...

The Guardian - UK

Philip Kraven obituary

Other lives: IT specialist in the oil industry who started out working as a geophysicist

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AAP

AAP Rolling News Bulletin May 22, 0330

AAP Rolling News Bulletin for May 22 at 0330

AAP

AAP Rolling News Bulletin May 22, 0300

AAP Rolling News Bulletin for May 22 at 0300

Barchart

Rising Crude Oil Prices Support Ethanol and Sugar Prices

July NY world sugar #11 (SBN26 ) today is up +0.14 (+0.95%), and Aug London ICE white sugar #5 (SWQ26 ) is up +3.00 (+0.68%). Sugar prices are moving higher today as strength in crude oil prices spurred short covering in sugar futures. Crude oil (CLN26 ) jumped by more...

Evening Standard

FTSE 100 edges higher despite oil price gains

The FTSE 100 closed up 11.13 points, 0.1%, at 10,443.47.

AAP

AAP Rolling News Bulletin May 22, 0230

AAP Rolling News Bulletin for May 22 at 0230

AAP

A decade after Standing Rock protests, contentious segment of Dakota Access oil pipeline gets OK

Federal officials have given final approval for a controversial segment of the Dakota Access oil pipeline that crosses the Missouri River

The Guardian - UK

Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August

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