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The Latest Breaking News from Oil

20-Year-Old Jacob Smith Admitted to ICU After Jalani Bluett Throws Hot Oil at a McDonald's; Fundraiser Reaches $96K

Jacob Smith, a 20-year-old McDonald's shift manager, remains in intensive care after a coworker allegedly threw hot oil on him at a Yuba City restaurant. His fundraiser has topped $96,000.

International Business Times UK

Iran War Upends the Global Oil Industry: Kiplinger Special Report

Even after the war ends, oil producers and importers will be racing to lessen their reliance on oil shipments through the Persian Gulf.

Kiplinger

Is an Electric Car Really Cheaper in the Long Run?

Electric cars have become increasingly popular in recent years. Rising fuel prices, growing environmental concerns, and advances in battery technology have encouraged many drivers to consider making the switch. One of the biggest claims made about electric vehicles (EVs) is that they save money over time. However, buying a car…

MyLifeXP

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read the most diverse news in one place.

Broader Market Settles Higher as Chipmakers Rally

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.58%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

Barchart

SpaceX’s IPO Has Wall Street Worried

Wall Street is worried about an AI bubble as SpaceX readies its massive IPO this week. Maybe regular people should be concerned? A new report from Fortune crystalizes those concerns for the larger masses. They said that investors were selling off stocks this morning as oil prices rose and strikes…

The Mary Sue

Wall Street holds steadier as AI stocks recover some of their sell-off

Wall Street held steadier and recovered some of its sell-off from last week

AAP

The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Iran's grip on the Strait of Hormuz is adding $100 billion to airlines' collective fuel bill this year.

Fortune

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Crude Oil Prices Edge Higher on Shaky Middle East Ceasefire

July WTI crude oil (CLN26 ) on Monday closed up +0.76 (+0.84%), and July RBOB gasoline (RBN26 ) closed up +0.0247 (+0.81%). Crude oil prices settled higher on Monday amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the...

Barchart

BC-OILS

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

AAP

McDonald’s employee had hot oil allegedly thrown in his face by a co-worker. Then he thanked God: ‘I’m so thankful’

"I'm not sad, and I'm not angry, and the pain doesn't cause me grief because I know it's necessary to heal."

We Got This Covered

KKP sees 2% current account deficit in Q2

Thailand's current account is expected to register a deficit of around 2% of GDP in the second quarter before rebounding later in the year as global oil prices decline, according to Kiatnakin Phatra Financial Group (KKP).

Bangkok Post

Cotton Holding Firm on Monday

Cotton futures are trading with 5 to 15 point gains, with July the exception, down 25 points at midday. The US dollar index is down $0.106 at $99.94. Crude oil us up 79 cents so far on the day. Weekly CFTC data showed spec funds trimming 1798 contracts from their...

Barchart

Soybean Weakness Sliding to Monday

Soybeans are slipping 2 to 5 ½ cents lower in most contracts on Monday. The cmdtyView national average Cash Bean price is down 5 1/2 cents at $10.58 3/4. Soymeal futures are down $4.30 to $5.20 in the front months, with Soy Oil futures down 4 to 8 points higher....

Barchart

US warplane strikes, disables oil tanker near Oman; crew of 24 Indians evacuated

An unladen oil tanker, MT Marivex, carrying 24 Indian crew members, was disabled and caught fire in the Gulf of Oman following a US military action. The US stated an F/A-18 Super Hornet fired a precision munition after the vessel allegedly violated a blockade of Iran's ports and ignored directions.…

The Times of India

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The Economic Times

US confirms military action on vessel that violated Iran port blockade

United States forces disabled an oil tanker in the Gulf of Oman. The vessel, M/T Marivex, violated a blockade of Iran's ports. US military fired a munition into the ship after crew failed to comply. The ship is no longer sailing to Iran. All 24 Indian crew members are safe…

The Times of India

Sanctioned vessel hit by US strike, 24 Indian crew members evacuated

An unladen oil tanker, MT MARIVEX, carrying 24 Indian crew members, caught fire near Oman. All seafarers were safely evacuated with Omani assistance. Sources suggest the Palau-flagged vessel, blacklisted by the US OFAC, was attempting to evade a US blockade when it became disabled. Investigations are ongoing to determine the…

Barchart

Crude Oil Strength Lifts Ethanol and Sugar Prices

July NY world sugar #11 (SBN26 ) today is up +0.02 (+0.14%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.30 (+0.07%). Sugar prices are slightly higher today amid strength in crude oil. WTI crude oil (CLN26 ) is up more than +1% today, boosting ethanol prices...

Barchart

Renewed Middle East Hostilities Boost Crude Oil Prices

July WTI crude oil (CLN26 ) today is up +1.31 (+1.45%), and July RBOB gasoline (RBN26 ) is up +0.0450 (+1.48%). Crude oil prices are moving sharply higher today amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the...

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Barchart

Stocks Rally as Buyers Return After AI-Led Selloff

The S&P 500 Index ($SPX ) (SPY ) today is up +1.01%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.39%. June E-mini S&P futures (ESM26 ) are up +1.00%, and June E-mini Nasdaq futures...

The Economic Times

Govt cuts subsidised LPG cylinders to Ujjwala beneficiaries to 4

The government has cut the annual subsidised cooking gas cylinders for Ujjwala scheme beneficiaries to four. This move aligns support with average household consumption. Previously, beneficiaries received twelve cylinders. A subsidy of Rs 300 per cylinder is still provided. This change follows recent LPG price increases.

MarketBeat

3 Energy Stocks Built for the AI Power Boom—And Beyond

Marc Lichtenfeld highlights HAL, CVX, and HASI as energy stocks positioned to benefit from AI-driven electricity demand growth forecast at 3.5% annually through 2030.

The Economic Times

Why is the US stock market rallying big today? Dow Jones, S&P 500 and Nasdaq surge on AI boom — Nvidia and Intel jump as Nasdaq significantly outperformed both the Dow and S&P

US Stock Market Rallies Monday as Tech Leads Rebound After Friday's Selloff: The Dow Jones Industrial Average climbed above 51,000. The S&P 500 advanced nearly 1%. The Nasdaq gained more than 1.5%, leading the rebound. Intel soared 11% on a major Google AI chip order, while Nvidia and Micron climbed…

The Guardian - AU

The Crunch: Disappearing Aussie music, mouse plagues and the secrets of traffic lights

We’ve charted the Australian charts. Plus: how AI may have been unfairly blamed for killing off entry-level jobs

International Business Times

China's Reduced Oil Imports Have Helped Keep Prices In Check, But That Won't Last Much Longer: Analysts

China's reduced oil imports have helped keep prices in check, but that won't last much longer, according to analysts cited in a new report.

Frugal Gardening

9 Plants That Can Help Lower Backyard Mosquito Populations Naturally

A backyard can quickly turn uncomfortable when mosquitoes start swarming at dusk, but nature offers a surprisingly stylish solution. Certain plants release strong natural oils that confuse, repel, or deter mosquitoes from settling in. Gardeners can strategically place these plants around patios, seating areas, and garden edges for better outdoor…

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