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The Latest Breaking News from Oil

How 75 oil paintings became Annecy 2026's breakout animated short

The unusual process behind the most talked-about animation, Danse Macabre.

Creative Bloq

Rupee gains as oil retreat soothes, inflow expectations erode weakening bias

The Indian Rupee strengthened on Tuesday due to falling oil prices. Regulatory measures are expected to reduce India's balance of payments deficit. Asian currencies also saw gains. Brent crude prices dropped after Iran and Israel halted attacks. Elevated oil prices pose risks to India's economy.

The Economic Times

Sensex rises 395 points, Nifty closes above 23,200; broader markets outperform

Indian stock markets closed higher on Tuesday, with Sensex and Nifty posting marginal gains as broader markets surged. The decline in oil prices following a halt in Iran-Israel attacks boosted investor sentiment, though analysts caution that market sentiment remains fragile due to FII outflows and global macro concerns.

The Economic Times

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Tories did ‘level best’ to ruin oil and gas sector, says SNP candidate

Voters in Aberdeen South will go to the polls on June 18.

Evening Standard

Ukrainian strikes start fires at oil facilities in Russia and Crimea, officials say

Daily Russian attacks have intensified in recent months and Ukraine has hit back with its own drone strikes further into Russian territory, saying these are mainly against military and energy facilities.

Euronews

World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip

World shares are mostly higher, with tech shares leading gains after Wall Street recovered some of its sell-off from last week

AAP

Indian crew airlifted from burning Iran-bound tanker struck by US jet in Gulf of Oman

Crew of unladen oil tanker reported fire on Monday afternoon and requested immediate evacuation

The Independent UK

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World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

The Guardian - US

India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions

India's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied petroleum gas consumption plummeted by approximately 20% due to shipping disruptions and sanctions impacting Iranian imports. Gasoline sales declined, while diesel consumption saw an increase.

The Economic Times

Asian shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip

Asian shares are mostly higher, with tech shares leading gains after Wall Street recovered some of its sell-off from last week

AAP

Indian bonds draw buyers on RBI measures, softer oil

Indian government bonds saw renewed buying on Tuesday. Lower oil prices and Reserve Bank of India measures to attract dollar inflows improved sentiment. The benchmark bond yield fell. The RBI's recent policy decision focused on attracting foreign debt inflows. These measures are expected to bring significant inflows. India posted a…

The Economic Times

Crude at $100, AI IPOs at $1 trillion, and gold on sale: What Peter McGuire says you should do now

Peter McGuire of Australia-Trading.com highlights a chaotic market driven by rumors and geopolitics, not fundamentals. He predicts crude oil prices will rise, advises caution on trillion-dollar AI IPOs, and remains bullish on India for the long term. McGuire also suggests accumulating gold as it has fallen 20% from its peak.

The Economic Times

Analysts see RBI measures steadying rupee, push back depreciation forecasts

The Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts have revised depreciation forecasts downward, with some expecting the rupee to trade around 93 in the short run. These steps aim to counter recent pressure that saw the rupee hit…

The Economic Times

Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economy

Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow economic activity in the September and December quarters. Rising prices will dampen consumer spending. For FY28, growth is expected to pick up to 6.7 percent. Fitch also…

The Economic Times

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AAP

Asian shares are mixed as tech stocks rebound from sell-offs, while oil prices slip

Asian shares are mixed, with tech shares leading gains after Wall Street recovered some of its sell-off from last week

The Economic Times

Petrol, Diesel Price today: Check fuel rates in Delhi, Mumbai, Lucknow, Bhubaneswar and other cities

Today Petrol, Diesel Price June 9: Fuel prices in India remain at their highest since May 2022, with petrol and diesel seeing cumulative hikes of around ₹7.5-₹8 per litre due to the West Asia conflict impacting global crude oil prices. Despite recent minor fluctuations, oil marketing companies continue to face…

The Economic Times

Indian economy, government finances, see mounting costs from Iran war

India's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer, disruptions to supply and elevated prices are impacting growth, inflation, and government finances. The central bank's ability to manage these shocks is increasingly difficult.

The Economic Times

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil edges higher as investors watch Iran-Israel developments

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil prices moved slightly higher as traders assessed the latest developments between Iran and Israel. Although both countries announced a halt to attacks after calls from U.S. President Donald Trump,…

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The Economic Times

Oil Price Today (June 9): Crude oil falls 1% as Israel and Iran pause strikes. Where is liquid gold headed?

Oil prices eased in early Tuesday trading after Iran and Israel indicated a pause in hostilities, reducing immediate concerns over supply disruptions. However, both countries kept the door open for renewed military action despite agreeing to halt attacks following an appeal from U.S. President Donald Trump.

The Times of India

Donald Trump says US will declare ‘total victory’ over Iran within two weeks

President Trump expressed confidence in ongoing negotiations with Iran, predicting a "total victory" within two weeks. He stated that Iranian officials are seeking a "very good deal" and are prepared to make significant concessions, including abandoning nuclear weapons. Trump anticipates this outcome will lead to a sharp decline in oil…

The Guardian - AU

Ukraine war briefing: Russia’s Peskov admits ‘certain problems’ with fuel supplies after energy sites targeted

Ukrainian forces continue strikes on oil facilities in occupied Crimea and Russia proper; French jet downs drone in Latvian airspace. What we know on day 1,567

The Economic Times

Gift Nifty hints at muted start for D-Street; key trading cues for today

Indian benchmark indices experienced a sharp sell-off on June 8, influenced by global market weakness, escalating geopolitical tensions, and rising crude oil prices. Analysts note the Nifty has approached immediate support at 23,000-23,200, a confluence of a bullish gap and retracement level. Foreign portfolio investors were net sellers, while domestic…

We Got This Covered

Florida father of 3 dies after a pot of oil left on the stove sparks an apartment fire, his two young children survive

The class clown with a big heart is gone.

Barchart

Cotton Closes Firm on Monday

Cotton futures posted mixed trade of 36 points lower to 13 points higher across most contracts on Monday. The US dollar index was down $0.101 at $99.95. Crude oil was up 74 cents on the day. Monday afternoon’s Crop Progress showed 77% of the US cotton crop planted as of...

Barchart

Soybeans Face Monday Weakness

Soybeans saw lower trade for much of Monday, with contracts fractionally to 5 ¾ cents in the red. The cmdtyView national average Cash Bean price was down 5 3/4 cents at $10.57 1/2. Soymeal futures were down 20 cents to $5.80 in the front months, with Soy Oil futures 44...

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