The Latest Breaking News from Oil

Soybeans reverted lower from the midday gains, as contracts were down 5 to 7 cents at the close. The cmdtyView national average Cash Bean price was 5 cents lower at $9.82 1/4. Soymeal futures were 20 cents to $1.30 higher at the close, with Soy Oil futures down 38 to...

Cotton futures followed the Monday strength with Tuesday gains of 40 to 45 points at the close. Crude oil futures were back down $1.35 per barrel at $56.97. The US dollar index was up $0.353 at $98.335. Export sale commitments for cotton have reached 6.5 million RB as of 12/25,...

February WTI crude oil (CLG26 ) on Tuesday closed down -1.19 (-2.04%), and February RBOB gasoline (RBG26 ) closed down -0.0194 (-1.13%). Crude oil and gasoline prices gave up an early advance on Tuesday and sold off sharply as the dollar strengthened. Crude prices also retreated amid concerns about energy...

Editorial: The seizure of Venezuelan leader was induced by the prize of petroleum, but driven by spectacle, geopolitics and domestic politics

Much has been made about Venezuela’s oil and natural gas revival after the capture of the country’s leader, Nicolas Maduro. However, the country’s vast mineral resources could be what gets Newmont Mining further into Latin America.

Energy stocks surged on Monday as markets reacted to renewed focus on Venezuela’s oil industry and U.S. policy direction.

Industry insiders say US oil companies want to ‘avoid getting screwed’ and will proceed with extreme caution

The Marinera has been making its way north through the Atlantic, with media reports suggesting it had avoided a naval blockade of Venezuela.

Cotton futures are up 50 to 60 points so far on Tuesday, following the Monday strength. Crude oil futures were back down 42 cents per barrel at $57.90. The US dollar index is up $0.328 at $98.310. Export sale commitments for cotton have reached 6.5 million RB as of 12/25,...