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The Latest Breaking News from Oil

Stock Indexes Rally to Record Highs on Peace Deal Hopes and AI Spending

The S&P 500 Index ($SPX ) (SPY ) today is up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.66%. June E-mini S&P futures (ESM26 ) are up +0.37%, and June E-mini Nasdaq futures...

Barchart

I Drove The BMW M4 CS On The Track—And Came Away Conflicted

The M4 CS is durable enough to take the abuse, but it needs some modifications to be truly great.

Motor1

US stocks open higher, adding to their records, as Dell soars

Stocks are opening higher on Wall Street, adding to the all-time highs they set a day earlier

AAP

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Current price of oil as of May 29, 2026

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

Fortune

Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension

Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran

AAP

Cotton Slipping Back Lower on Friday AM Trade

Cotton prices are down 19 to 51 points early on the Friday session. futures saw Thursday gains of 46 to 99 points across most contracts. The US dollar index was $0.194 lower at $98.955. Crude oil was down 15 cents at the close as several outlets were reporting the US...

Barchart

TotalEnergies faces pressure at AGM over war gains and fossil fuel plans

Environmental groups are stepping up pressure on TotalEnergies ahead of its annual shareholder meeting in Paris on Friday, accusing the French oil and gas giant of profiting from the conflict in the Middle East while continuing to expand fossil fuel production despite France's climate commitments.

Radio France Internationale

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Rupee soars to best day in nearly two months, closes at 95 vs USD as RBI steps in, oil drops

The rupee saw a significant jump on Friday, its best single-day gain in two months. This surge was driven by likely intervention from the central bank and a drop in oil prices. The rupee ended the session at 95 per dollar. Investors are now focused on the Reserve Bank of…

The Economic Times

Somali piracy is back – fuelled by political turmoil, aid cuts and the Iran war

On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in north-eastern Somalia.

The Conversation

RBI to hold rates in June; majority now expect hike by year-end: Poll

The Reserve Bank of India is expected to hold its key interest rate steady in June. However, economists now foresee at least one rate hike by the end of the year. This shift is driven by concerns over elevated oil prices and a weakening rupee. Inflation remains below the RBI's…

The Economic Times

Oil prices on track for steepest monthly fall since 2020

Brent crude futures down 19% since end of April amid hopes of US-Iran peace deal, while stock markets rally

The Guardian - UK

Oil prices fall and markets rise on optimism over Iran ceasefire deal

Markets rallied, and oil fell after reports that the United States and Iran had agreed in principle to extend their ceasefire, boosting hopes of a sustained de-escalation in the conflict.

Euronews

Japan, South Korea markets hit records on hopes for a winding down of the Iran war

Markets in Japan and South Korea have hit fresh records as Asian shares advanced on expectations the U.S. and Iran will agree to extend the ceasefire in their war by 60 days

AAP

The ‘imminent’ oil crisis isn’t at the pump—it's under your hood

The U.S. is increasingly reliant on the Middle East for the specific base oils that comprise most modern motor oils and lubricants.

Fortune

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The Guardian - UK

Global stocks rise and oil price slips amid hopes of US-Iran peace deal - as it happened

Rolling coverage of the latest economic and financial news

The Economic Times

India steers boat through a risky channel between war clouds and El Nino

India faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, India is building resilience through infrastructure, manufacturing incentives, and reduced import dependence. The nation is positioning itself as an investment destination amidst global uncertainty. Domestic demand and strategic initiatives offer a…

The Economic Times

Indian bonds nudge up on oil dip; debt sale weighs

Indian government bonds saw a slight increase, mirroring U.S. Treasuries as falling oil prices eased inflation concerns. However, gains were tempered by an upcoming debt auction. The 10-year yield is poised for its largest weekly decline in eight weeks, with traders awaiting the Reserve Bank of India's policy decision.

The Independent UK

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

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The Economic Times

Global Market: Japan inflation remains below BOJ target as energy costs rise

Tokyo's inflation eased for a sixth month in May, staying under the Bank of Japan's target. Government subsidies helped cushion rising global energy costs. Meanwhile, Japan's factory output rebounded in April, driven by AI-related demand. Policymakers watch these trends closely as they consider future interest rate decisions amid global economic…

Medical Daily

8 Best Omega-3 Supplements of 2026, Ranked by EPA/DHA Potency, Purity & Third-Party Testing

This review ranks the top 8 options based on EPA/DHA concentration, molecular form, certification standards, and expert input.

The Economic Times

Rupee rises 5 paise to 95.53 against US dollar in early trade

The Indian Rupee gained ground against the US Dollar today. This rise follows an agreement between the US and Iran to extend a ceasefire. Forex traders believe this will ensure continued trade through the Strait of Hormuz. Stable oil prices offer relief to India, an oil-importing nation. However, foreign investment…

The Economic Times

From Adani Green to Tata Tech: 50 companies swing back to profit in Q4 despite market turmoil

Indian companies show strong recovery. Over 50 firms moved from losses to profits in the March quarter. This turnaround happened despite market volatility and global concerns. Sectors like telecom, auto, and pharma saw significant gains. This signals resilience in India's corporate sector. Many businesses improved operations and profitability.

The Guardian - UK

Cuba used to have European friends – there’s a reason why even now they have deserted it too

Traditional allies are embroiled elsewhere while even Spain and France have bigger fish to fry with Trump says Paul Taylor of the European Policy Centre

The Economic Times

Sensex rises 220 points, Nifty nears 24,000 on Iran-US ceasefire extension reports

Indian stock markets opened muted but recovered on Thursday morning. Investors assessed Middle East political developments. Declining oil prices provided a boost. IT stocks led gains on the Sensex. Broader markets also traded in the green. Foreign investors remained net sellers of Indian equities on Wednesday.

AAP

Asian shares are mostly higher on hopes for a winding down of the Iran war

Asian shares are mostly higher on expectations of a deal between the U.S. and Iran to extend their ceasefire in their war by 60 days

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