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The Latest Breaking News from Oil

Dollar Weakens as Crude Oil Prices Tumble

The dollar index (DXY00 ) on Thursday fell by -0.10%. The announcement of a ceasefire between Israel and Lebanon knocked WTI crude oil prices down by more than -3% on Thursday and lowered inflation expectations, which might persuade the Fed to ease monetary policy, a negative factor for the dollar....

Barchart

Oil Industry Leaders Reportedly Warn Trump That Energy Prices Could Soar By The End Of The Month

Oil executives are warning the Trump administration that oil prices will likely surge in the next weeks as inventories continue to decrease with the Strait of Hormuz closed.

International Business Times

Crude Prices Retreat on Hopes US-Iran Peace Deal is Near

July WTI crude oil (CLN26 ) on Thursday closed down -2.98 (-3.10%), and July RBOB gasoline (RBN26 ) closed down -0.0933 (-2.98%). Crude oil prices settled sharply lower on Thursday amid hopes that the announced ceasefire between Israel and Lebanon could lead to a US-Iran peace plan that allows the...

Barchart

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BC-OILS

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

AAP

Cotton Facing Midday Weakness

Cotton futures are trading with contracts 185 to 199 point losses on Thursday. The US dollar index is down $0.160 at $99.345. Crude Oil is back down $3.73 lower to $92.29. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for 2025/26 in the week of...

Barchart

Soybeans Falling on Thursday, with Products Adding Some Weight

Soybeans are trading with 29 to 31 cents losses so far on Thursday. The cmdtyView national average Cash Bean price is down 30 1/4 cents at $10.64 1/4. Soymeal futures are $8.50 to $9 lower, with Soy Oil futures 220 to 250 points lower. Export Sales data from morning pegged...

Barchart

The Dow jumps 900 points as oil prices ease, but slumping AI stocks keep Wall Street in check

Most U.S. stocks are rising as oil prices ease, but slumps for influential AI winners are weighing on Wall Street

AAP

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Today’s Slump in Crude Oil Weighs on Sugar Prices

July NY world sugar #11 (SBN26 ) today is down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.50 (+0.11%). Sugar prices recovered from early losses today and are mixed after dollar weakness spurred some short-covering in sugar futures. Sugar prices are under pressure today...

Barchart

FTSE 100 up despite Asia-focused financials falls

The FTSE 100 closed up 28.02 points, 0.3%, at 10,360.32.

Evening Standard

Strait of Hormuz oil crisis: An opportunity for Syria?

In the show this week, we look at how Syria could benefit from the oil crisis triggered by tensions in the Strait of Hormuz. After Iran effectively closed the strategic waterway, Syria's Mediterranean port of Baniyas found itself emerging as a hub for crude oil transported overland from the UAE…

France 24

Lebanon-Israel Ceasefire Knocks Crude Oil Prices Lower

July WTI crude oil (CLN26 ) today is down -3.25 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.1117 (-3.57%). Crude oil prices are falling sharply today amid hopes that the announced ceasefire between Israel and Lebanon could lead to a US-Iran peace plan that allows the reopening of...

Barchart

The Dow jumps 800 points as oil prices ease, but slumping AI stocks keep Wall Street in check

Most U.S. stocks are rising as oil prices ease, but slumps for influential AI winners are weighing on Wall Street

AAP

Asia turns to U.S. oil and gas amid Iran war: 'We get too much into that tree-hugging mode'

Singapore looks to U.S. supplies as it builds out its natural gas importing infrastructure.

Fortune

Dollar Retreats with Weakness in Crude Oil

The dollar index (DXY00 ) today is down by -0.26%. The announcement of a ceasefire between Israel and Lebanon knocked WTI crude oil prices down more than -3% today and lowered inflation expectations, which might persuade the Fed to ease monetary policy, a negative factor for the dollar. Also, today's...

Barchart

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AAP

Most US stocks rise as oil prices ease, but slumping AI stars weigh on Wall Street

AI winners are giving back some of their big recent runs, leaving the U.S. market mixed as oil prices ease

The Guardian - US

‘My holy grail’: a stylist’s simple tricks to remove stains from white clothes

Don’t let the fear of stains hold you back. Stylist Liz Teich shares tips on getting out food, sunscreen and makeup spots to keep your white clothes pristine

The Independent UK

Oil executives warn Trump that Iran war will cause gas prices to spike within weeks due to dwindling supplies: report

President Trump and administration officials have insisted gas prices will come down as soon as the war ends, but there is no deadline in sight

AAP

Slumping AI stocks weigh on Wall Street, even as oil price ease

AI winners are giving back some of their big recent runs, leaving the U.S. market mixed as oil prices ease

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news in one place.

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Fortune

Current price of oil as of June 4, 2026

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

Barchart

Is Occidental Petroleum Stock Outperforming the S&P 500?

Occidental Petroleum has outperformed the S&P 500 over the past year, and analysts are moderately optimistic about the stock’s prospects.

Barchart

Cotton Slipping Lower on Thursday Morning

Cotton prices are down 30 to 60 points in early Thursday trade. Futures posted weakness in the front months of 3 to 31 points, with deferred contracts steady to 26 points higher on Wednesday. The US dollar index was up $0.301 at $99.785. Crude Oil was another $2.44 higher to...

Euronews

There is no energy transition — only addition, experts say at Baku Energy Week

Grid infrastructure emerged as the forum's defining bottleneck on the last day of Baku Energy Week, as the IGU's chief of staff said that global consumption of oil, gas, coal and renewables is rising simultaneously, directly challenging the conventional narrative.

AAP

Oil prices fall, Wall Street mixed after record-breaking S&P rally runs out of steam

Oil prices fell and U.S. markets were mixed a day after declines on Wall Street snapped a nine-day winning streak for the S&P 500

International Business Times UK

Fury Boils Over Among Russia's Elite as Putin Pushes Ukraine War Into Its Fifth Year

Influential Russian figures are increasingly questioning the Kremlin's Ukraine war strategy, highlighting internal divisions and calls for a pragmatic approach amid ongoing military escalation.

The Economic Times

India considers spending curbs to protect fiscal deficit target

India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals. Officials are looking at trimming allocations in areas like water resources and loans to states. Capital expenditure and defense spending are unlikely to be reduced.

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