The Latest Breaking News from Oil

President Donald Trump says the United States has seized an oil tanker off the coast of Venezuela as tensions mount with the government of President Nicolás Maduro

Cotton futures closed the Wednesday session with contracts up 25 to 30 points in the front months. Crude oil futures were up 71 cents per barrel at the close at $58.96, with the US dollar index $0.578 lower to $98.620. Commitment of Traders data for the week ending on November...

Soybeans were 1 to 4 cents higher across most contracts on Wednesday. The cmdtyView national average Cash Bean price was 4 1/4 cents lower at $10.21 3/4. Soymeal futures ere steady to $3.10 in the red, with Soy Oil futures 7 to 11 points higher. USDA reported private export sales...

The Trump administration has released video of what it says is the seizure of an oil tanker off the coast of Venezuela following months of US military buildup around the region.

The Trump administration continues a long tradition of subsidizing the things it tells Americans to eat less of.

January WTI crude oil (CLF26 ) on Wednesday closed up +0.21 (+0.36%), and January RBOB gasoline (RBF26 ) closed down -0.0082 (-0.46%). Crude oil and gasoline prices extended this week's losses on Wednesday, with crude posting a 2-week low and gasoline slumping to a 4.75-year nearest-futures low. However, crude oil...

"I told the idiots to seize ships a while ago instead of killing flunkies."

Footage uploaded to X by US attorney general shows its forces landing on the tanker in major escalation of Trump’s pressure campaign

The president boasted it was the ‘largest’ tanker ever seized after attorney general posted footage to social media

U.S. forces have seized a sanctioned oil tanker off the coast of Venezuela, yet another escalation in the pressure campaign against the Maduro regime, according to a new report.

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the region since 2023