The Latest Breaking News from Oil

Soybeans Rallying 40+ Cents on Monday

Soybeans are trading with 43 to 49 cent gains in the front months at Monday’s midday. There was just 1 delivery issued against July futures on Thursday, with 0 for July meal and bean oil. The cmdtyView national average Cash Bean price is up 43 1/4 cents at $11.32 3/4....

Barchart · Jul 6

Cotton Posting Monday Gains

Cotton futures are trading with 100 to 112 point gains across most contracts, with the exception to the nearby July contract. Crude oil is down 57 cents, with the US dollar index up $0.104 at $100.725. The Cotlook A Index was down 75 points on July 3 at 85.80 cents....

Barchart · Jul 6

'It’s A Half Hour Job': Woman Goes To Walmart For An Oil Change. 90 Minutes Later, She's Still Waiting—She Thinks She Knows Why

'Taking a BMW to Walmart for an oil change is like microwaving a steak.'

Motor1 · Jul 6

Ukraine hits vital oil refinery more than 2,500km behind Russian border

While Russia continues to pound Ukraine with missiles and drones, killing at least 19 people and injuring dozens more in Kyiv, Ukraine is striking deep inside Russian territory as part of a campaign to degrade the Kremlin’s war machine.

Euronews · Jul 6

US service sector growth dips in June; employment rebounds after months of contraction

US services sector activity saw a slight dip in June as the impact of Middle East war-driven order rushes faded. However, employment rebounded strongly, signaling continued labor market stability. While new orders decreased, order backlogs grew. Falling oil prices helped slow inflation, though underlying price pressures persist due to AI…

The Economic Times · Jul 6

Stock Indexes Supported by Strength in Chipmakers and AI Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.17%. September E-mini S&P futures (ESU26 ) are up +0.46%, and September E-mini Nasdaq futures...

Barchart · Jul 6

GB News co-owner ‘cashing in on climate chaos’ after leap in fossil fuel investments, critics say

Exclusive: Campaigners argue the news channel’s attacks on climate action ‘work in financial interests’ of Sir Paul Marshall

The Guardian - UK · Jul 6

AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says

Morgan Stanley has recommended a strategic pivot in market investments, directing attention from semiconductor stocks to AI-based giants such as Alphabet and Amazon. This shift is fueled by expectations of reduced rate hikes and a decline in oil prices, which favor sectors like consumer discretionary, transport, and biotech. As major…

The Economic Times · Jul 6

Bhutan editor stands by E20 report after Modi govt denial

Last week, Bhutanese newspaper The Bhutanese reported that Bhutan had declined an offer from Indian Oil Marketing Companies (OMCs) to supply E20 petrol.

Newslaundry · Jul 6

Wall Street Wants To Trade AI Compute Like Oil. Is The AI Boom Creating Finance's Next Big Market?

Financial firms are expanding efforts to create standardized markets for AI computing power, bringing commodity-style trading tools to one of the fastest-growing sectors in technology.

International Business Times · Jul 6