The Latest Breaking News from Oil

Defence secretary quizzed by MPs over timing of Russian oil tanker seizure

Dan Jarvis says vessel tracked for several days as opposition suggest decision linked to his predecessor’s resignation

The Guardian - UK · Jun 15

Crude Oil Prices Sink on Deal to Reopen Strait of Hormuz

July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline prices sold off sharply on Monday, with crude falling to a 2-month low and gasoline dropping to a 2-month low. Crude oil plunged on...

Barchart · Jun 15

BC-OILS

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

AAP · Jun 15

Wheat Posting Mixed Action at Midday

The wheat complex is trading with mixed action on Monday. Chicago SRW contracts are up 2 to 3 cents so far on the day. KC HRW futures are showing steady to penny losses at Monday’s midday. MPLS spring wheat is down 5 to 6 cents at midday. Crude oil is...

Barchart · Jun 15

Cotton Ignoring Outside Markets for Midday Gains

Cotton futures are showing Monday strength of 54 to 64 points at midday. Crude oil is down $4.41 at midday this morning after the US and Iran came to a peace deal over the weekend, to be signed this Friday. The US dollar index is down $0.285 at $99.460. CFTC...

Barchart · Jun 15

Corn Shrugging Off Early Weakness for Midday Gains

Corn futures are trading with contracts fractionally to 2 cents higher on Monday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.83 1/4. Crude oil is down $4.27 at midday, and provided early pressure after the US and Iran came to a peace deal over...

Barchart · Jun 15

Soybeans Posting Monday Gains

Soybeans are posting 1 to 3 cent gains on Monday, shaking off the early session gains. The cmdtyView national average Cash Bean price is up 3 ½ cents at $10.63. Soymeal futures are down 10 to 30 cents, with Soy Oil futures 28 to 49 points lower. Crude oil is...

Barchart · Jun 15

Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow

The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy

The Independent UK · Jun 15

Sugar Prices Undercut as Crude Oil Sinks

July NY world sugar #11 (SBN26 ) today is down -0.04 (-0.29%), and Aug London ICE white sugar #5 (SWQ26 ) is down -3.00 (-0.67%). Sugar prices are under pressure today, with NY sugar falling to a 1.75-month low and London sugar falling to a 2.5-week low. Today’s -5% plunge...

Barchart · Jun 15

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian equities rallied sharply as an interim US-Iran peace framework eased geopolitical concerns and pushed oil prices lower. Improved inflation and interest-rate expectations lifted sentiment, helping Sensex and Nifty gain nearly 1%, while broader markets, global equities and risk assets also advanced.

The Economic Times · Jun 15