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The Latest Breaking News from Oil

Segro bid boosts FTSE 100 as gold and oil sink

UK warehouse landlord Segro rejected a £12.6 billion takeover proposal from US logistics property giant Prologis.

The Independent UK

EVs Are Big Winners of the Iran War—Just Not American Ones

The Iran war's oil shock highlights a global energy divide: Record U.S. oil production insulates domestic markets while global EV adoption rapidly accelerates.

MarketBeat

Crude Oil Prices Sink as Global Oil Supplies Recover

August WTI crude oil (CLQ26 ) today is down -3.02 (-4.13%), and August RBOB gasoline (RBQ26 ) is down -0.0842 (-2.95%). Crude oil and gasoline prices are falling sharply today, with crude oil posting a 3.5-month low. Today’s rally in the dollar index ($DXY ) to a 13-month high is...

Barchart

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Stocks Rally as Falling Crude Prices Knock Bond Yields Lower

The S&P 500 Index ($SPX ) (SPY ) today is up +0.72%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.82%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.50%. September E-mini S&P futures (ESU26 ) are up +0.56%, and September E-mini Nasdaq futures...

Barchart

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

The Guardian - US

Trump Targets Oil Industry, Demands DOJ Investigation Over Gasoline 'Gouging'

President Donald Trump has accused major oil companies of "gouging" American consumers by failing to lower gasoline prices fast enough as oil prices drop following the reopening of the Hormuz Strait.

International Business Times

Trump gets trapped between 'rockets and feathers', squirms for exit

US President Donald Trump has ordered a Justice Department investigation into major oil companies, accusing them of keeping gasoline prices artificially high despite a recent fall in crude oil prices. The move reflects frustration that fuel prices have not dropped as quickly as he had promised after tensions with Iran…

The Economic Times

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Major Moscow Refinery Hit In Ukrainian Attack Won't Go Back To Being Operative This Year: Report

A major Moscow oil refinery hit in a recent Ukrainian attack won't go back to being operative this year, underscoring Kyiv's recent progress in the battlefield, according to a new report.

International Business Times

Trump’s gas price promise hits a roadblock as he turns on oil companies

IN FULL

The Independent UK

Stocks See Support Ahead of Micron’s Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.06%. September E-mini S&P futures (ESU26 ) are up +0.14%, and September E-mini Nasdaq futures...

Barchart

Tom Cruise’s career given stunning retrospective in trailer for ‘catastrophic’ new comedy

Tom Cruise is set to star as a chaotic billionaire oil tycoon named Digger Rockwell in the upcoming satirical comedy film, Digger , directed by Academy Award-winning filmmaker Alejandro Gonzalez Inarritu. A career retrospective trailer - featuring clips from films including Top Gun , Mission Impossible and Jerry Maguire -…

The Independent UK

Brent crude falls below $74 for first time since start of the Iran war

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.

Euronews

Scottish-based oil firm’s contested Gaza gas project hits new obstacle

AN energy consortium led by a Scottish-based oil firm looking to help Israel extract gas in waters claimed by Palestine is at risk after a major…

The National (Scotland)

Left-wing economists back Ed Miliband after union boss's 'North Sea noose' attack

LEADING progressive economists have written to a top Labour-linked union boss to back Ed Miliband for chancellor after she said he would be a…

The National (Scotland)

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The Independent UK

So it’s not under $2? Trump loses it in late-night post about high gas prices he promised would drop

Trump previously assured Americans that they would ‘soon’ see $2 gas prices, which would ‘drop like a rock’ as soon as the war in Iran is over

Fortune

price-of-oil-06-23-2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

The Economic Times

Brent crude hits lowest since before start of Mideast war as more tankers exit Hormuz

Global oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interim deal with Iran is unlocking stored crude, potentially boosting sales significantly. While U.S. inventories remain tight, rising fuel stockpiles and a forecast cut by J.P. Morgan also contributed to…

Barchart

Cotton Trading Mostly Lower Early on Wednesday

Cotton prices are down 70 to 97 points on Wednesday, with front month July up 65 points. Futures saw sharp front month losses of 125 to 148 points in the old crop, with other contracts down 12 to 87 points. Crude oil was down another 81 cents/bbl to $73.19. The...

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International Business Times

Brent Crude Falls To Lowest Level Since The Day Before The Iran War Began

Oil prices continue to drop as shipping through the Strait of Hormuz resumes.

The Economic Times

India bonds gain, swap rates fall on dovish RBI comments, oil slide

Indian government bonds enjoyed a remarkable climb on Wednesday, highlighted by the 10-year yield experiencing its most significant drop in a month. Fueling this surge was a recent comment from Reserve Bank of India Governor Sanjay Malhotra, who mentioned that contemplating interest rate hikes is premature. Additionally, decreasing oil prices…

The Economic Times

JP Morgan lowers Brent crude price forecast for second-half 2026

J.P. Morgan has updated its Brent crude oil price forecast for 2026, lowering expectations due to unexpectedly weaker inventory draws and a decline in oil demand. The bank now estimates Brent prices will average $86 in Q3 and $80 in Q4, finishing the year at $78. This downward revision arises…

The Economic Times

Largecaps over midcaps, banks over PSUs: V Srivatsa reveals where smart money is heading

India's market outlook is positive, driven by cooling geopolitical tensions and falling crude oil prices, according to UTI AMC's V Srivatsa. He highlights largecaps, particularly private sector banks, as offering better value than expensive midcaps. While foreign investors are focused on AI plays, Srivatsa anticipates a gradual return to India.…

Fortune

Trump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe

“Gasoline prices better start going down a lot faster than what I’m seeing!” Trump wrote.

The Economic Times

Rupee cushioned by central bank hand even as dollar strength dents Asia FX

The Indian rupee defied regional weakness on Wednesday, supported by likely Reserve Bank of India intervention against a strengthening dollar. While Asian peers faltered, the rupee held steady as traders braced for potential US Federal Reserve rate hikes. Concerns over inflation and oil prices are being closely monitored by the…

Salon

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