The Latest Breaking News from Oil

Cotton Reverts Higher at Midday

Cotton futures were 15 to 46 points higher on Tuesday. The US dollar index was $0.310 higher at $99.035. Crude oil finished the day with late pressure to close up just 26 cents, as reports surfaced of a potential 1 month ceasefire on the Middle East conflict. The Seam showed...

Barchart · Mar 24

Corn Gets a Turnaround Tuesday Bounce

Corn futures saw gains of 2 to 3 cents in most contracts on Tuesday, with some deferred contracts steady to fractionally higher. The CmdtyView national average Cash Corn price was up 3 cents to $4.24. Crude oil finished the day with late pressure to close up just 26 cents, as...

Barchart · Mar 24

Soybeans Fall Lower on Tuesday

Soybeans were pressured into the Tuesday close, with contracts down 2 3/4 to 8 ½ cents across the board. The cmdtyView national average Cash Bean price was down 1 3/4 cents at $10.78 1/2. Soymeal futures were down $2.00 to $4.20, with Soy Oil futures up 15 to 45 points....

Barchart · Mar 24

Stocks Slide Again as Crude Oil Controls: Stock Market Today

The energy shock is starting to show up in survey data, with a resolution of Middle East oil and gas infrastructure disruptions still well over the horizon.

Kiplinger · Mar 24

Dollar Advances Amid Concerns About Escalation of the Iran War

The dollar index (DXY00 ) on Tuesday rose by +0.42%. The dollar moved higher on Tuesday as the ongoing war with Iran drags on, boosting safe-haven demand for the dollar. Also, Tuesday's +4% jump in crude oil prices may stoke inflation and prompt the Fed to tighten monetary policy, a...

Barchart · Mar 24

Trump claims Iran gave him a ‘prize’ related to oil and the Strait of Hormuz - that was ‘very significant’

Iran has called claims it is negotiating with the U.S. to end the war ‘fake news’ in recent days

The Independent UK · Mar 24

UK offers to host international summit on reopening strait of Hormuz

Defence chiefs have been discussing how they might unblock the conduit for about a fifth of the world’s oil supplies

The Guardian - UK · Mar 24

Our interest in electric vehicles has grown due to oil price spikes. And it’s likely to remain

The US military action in Iran may have an unintended secondary effect – ending the cultural dominance of the internal combustion engine and ushering in the age of electric vehicles.

The Conversation · Mar 24

As Energy Surges on Crack Spreads, Consider Taking Gains on 2 Small Cap Oil Stocks

Understand how crack spreads, not crude alone, is driving refiners during the Iran war, and what could pressure CVR Energy and PBF Energy stocks next.

MarketBeat · Mar 24

Nobel laureate calls it 'treason': $580 million traded minutes before Trump's oil reversal

Approximately $580 million of oil futures were sold before Trump shocked the markets with a dubious statement.

Fortune · Mar 24