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The Latest Breaking News from Oil

US stocks today: US stocks hold near records even as crude oil prices rise again

U.S. stocks hover near record highs despite economic pressures from the conflict with Iran. While oil prices rebound, strong corporate profits from companies like Dollar Tree and Snowflake are bolstering the market. Investors remain cautious amid conflicting reports on a potential U.S.-Iran deal.

The Economic Times

Current price of oil as of May 28, 2026

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

Fortune

Blair’s fossil fuel ideas ‘bizarre’ in face of energy and climate crises, experts say

Energy specialists say abandoning net zero and increasing oil and gas drilling would cause more instability for Britons

The Guardian - UK

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Gold falls below Rs 1.54 lakh/10 grams, silver drops by Rs 4,600/kg as fresh US-Iran strikes raise worries

Gold and silver prices on MCX plunged as US-Iran strikes boosted the dollar and oil, triggering inflation fears. Both metals hit multi-month lows as heightened geopolitical uncertainty and expectations of higher interest rates drove investors toward the dollar.

The Economic Times

Cotton Extending Correction on Thursday Morning

Cotton price action is down 10 to 48 points so far on Thursday morning. Futures posted losses of 33 to 121 points across most contracts on Wednesday. The US dollar index was $0.054 higher at $99.155. Crude oil was down $4.48 on the day to $89.41 to add pressure, but...

Barchart

Wheat Posting Mixed Trade on Thursday Morning

Wheat is showing mixed action on Thursday AM trade, with CBT the strongest. The wheat complex saw weakness on Wednesday. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor, but are bouncing $2.74 this morning. Chicago SRW futures were 10 to 13 cents lower at the...

Barchart

Corn Bouncing on Thursday AM Trade

Corn prices are up 4 to 5 cents so far on Thursday morning. Futures posted Wednesday losses of 3 to 5 cents across most contracts. Open interest was down 7,221 contracts, mostly in the July (-14,986), as OI was rising in most other contracts. Crude oil losses of $4.48 on...

Barchart

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The race for oil: will Jamaica be the next country to drill and what does that mean for its green pledges?

With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producer

The Guardian - UK

11 best men’s moisturisers for maximum hydration

From regulating oil to combatting dryness, a moisturiser could be the skincare essential you’re missing

The Independent UK

Stocks Slip Before the Open as U.S.-Iran Flare-Up Lifts Oil and Bond Yields, PCE Inflation Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.26%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.54% this morning, pointing to a lower open on Wall Street as oil prices and bond yields rose after fresh attacks in the Middle East cast doubt on whether an end to…

Barchart

Man Sees Mobil 1 Oil At AutoZone Is $44. Then He Sees It’s $26 At Walmart. Then He Revisits AutoZone: 'O'Reilly Will Price Match’

'Pricing is about to be through the roof.'

Motor1

Oil prices on the rise again as US-Iran fighting escalates

Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal…

France 24

RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya Banerjee

The Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance sheet at a time when rising global energy prices and prolonged geopolitical tensions are putting pressure on India's fiscal position, according to Anindya Banerjee, Head of Commodities and…

The Economic Times

BP boardroom turmoil deepens as ousted chair hits back at ‘lies’ over conduct

Albert Manifold disputes reports about his behaviour and says he always tried to set example

The Guardian - UK

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The Independent UK

Starmer ‘urged to reconsider North Sea drilling’ amid rising oil costs

IN FULL

AAP

World shares decline and oil prices gain more than $2 after US strikes on Iran

Shares have fallen in Asia after the U.S. conducted what the military said were defensive strikes against Iran

The Independent UK

Starmer ‘facing calls to rethink approach to North Sea drilling’ as oil prices spiral

While Sir Keir has argued that new drilling in the North Sea would not reduce domestic oil prices because they are set internationally, some ministers and industry figures are now thought to be challenging this claim

Fortune

Asia is already grappling with a fuel crisis. A 'Super El Nino' threatens to make things worse

Drought and high temperatures will strain power grids right as countries are still scrambling for limited oil and gas supplies.

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Euronews

Newsletter: ‘A dangerous place’, Magyar’s moment and Europe’s mouthpiece

As the International Energy Agency warns of the fallout from sky-high energy prices prompted by the war in the Middle East, the Hungarian Prime Minister Péter Magyar comes to town aiming to unlock billions of frozen EU funds – while the bloc thrashes out whether to speak to Moscow.

Euronews

Exclusive: IEA chief Birol warns Europe easing Russian energy sanctions would be 'major mistake'

IEA chief says “knocking on Russia’s door” would be a repeat of past mistakes, even as the EU is rattled by a price shock stemming from the Strait of Hormuz shutdown. Agency warns of "biggest energy security crisis ever".

AAP

FED:Shares drop and oil surges as US, Iran trade strikes

Miners, banks and IT stocks have dragged on the local bourse, after renewed hostilities in the Persian Gulf rattled an already fragile US-Iran ceasefire.

The Economic Times

World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA

The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence…

The Economic Times

India may soon let consumers choose ethanol-blended petrol based on their cars: Report

Consumers will soon have more choices at petrol pumps across India. New ethanol-blended petrol variants like E20, E22, E25, and E30 will become available. This move aims to reduce crude oil imports and enhance energy security. Vehicle owners can select fuel based on their car's compatibility.

The Economic Times

Global clean-energy manufacturing supply far exceeds demand

Global clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupply benefits clean energy as an alternative to rising oil prices.

The Economic Times

Global Market Check: Foreign investors buy Japanese stocks for 8th week on AI rally

Foreign investors continue to show strong interest in Japanese stocks, marking an eighth consecutive week of purchases. This trend is fueled by falling oil prices and a surge in AI-related shares. Investors are optimistic about the demand outlook for AI chips, with companies like Nvidia and SoftBank Group seeing significant…

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