The Latest Breaking News from Oil

Rising Inflation Could Hit Your Budget Soon — Experts Share Simple Ways to Fight Back

Explore how geopolitical tensions and rising energy prices could affect UK household budgets, and discover strategies to mitigate the impact.

International Business Times UK · Mar 13

Where are Crude Oil Prices Heading?

Crude oil prices have surged after the U.S. and Israel attacked Iran, and Iran retaliated with attacks throughout the Middle East. Critical logistical chokepoints have become war zones, heightening supply concerns. Crude oil prices have been in a bullish freight train, but while the trend is higher, an end to…

Barchart · Mar 13

Rising Oil Prices Create an Opportunity in This 1 Undiscovered Stock

REX American Resources (REX) demonstrates strong technical momentum and is trading at new all-time highs. Shares are up 121% over the past 52 weeks. The stock maintains a 100% “Buy” technical opinion. Rising oil (CLJ26) prices position REX’s ethanol business as a compelling energy alternative. Today’s Featured Stock Valued at...

Barchart · Mar 13

Dollar Strengthens as Iran War Shows No Signs of Easing

The dollar index (DXY00 ) today is up by +0.28% and posted a new 3.5-month high. The dollar is climbing as the war in Iran shows no signs of easing, which threatens to keep crude oil prices elevated. Higher crude prices threaten the European and Japanese economies that rely on...

Barchart · Mar 13

Stocks Retreat From Initial Highs as Oil Prices Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.14%. After initially opening higher, stocks are now mixed. WTI crude oil has rebounded off...

Barchart · Mar 13

Cart of giant gold bars spotted in White House hallway during Donald Trump meeting. But why?

Massive gold bars, initially rumored to be seized from Nicolas Maduro, were displayed at the White House. The real story involves a new licensing deal between a Venezuelan state-owned mining company and Trafigura Group, aimed at re-integrating Venezuela into the global economy and boosting American industry.

The Times of India · Mar 13

Zelenskyy says US 30-day waiver on Russian oil sanctions is 'not the right decision'

Ukrainian President Volodymyr Zelenskyy says the U.S. 30-day waiver on Russian oil sanctions amid the Iran war is “not the right decision” and won’t help bring a stop to Russia’s more than 4-year-old invasion of Ukraine

The Independent UK · Mar 13

‘Certainly does not help peace’: Zelenskyy says US easing of Russian oil sanctions could hand Moscow $10 billion for war

Ukraine's President Zelenskyy criticized a US decision to temporarily ease sanctions on Russian oil, warning it could provide Moscow billions for the war and undermine peace efforts. French President Macron echoed concerns, stating Russia is mistaken if it believes the Middle East conflict offers respite. The US claims the waiver…

The Times of India · Mar 13

Iraq is caught in the crossfire of the Iran war, with attacks by both sides on its soil

Iraq is caught in the crossfire of the Iran war and is the only country facing strikes from both sides, threatening to drag the nation that has so far avoided two years of regional turmoil into a full-blown crisis

The Independent UK · Mar 13

UK calls for allies to keep pressure on Russia after US eases oil sanctions

No 10 said the decision ultimately lay with the US but that Britain remained committed to bringing ‘maximum’ financial strain on Moscow.

Evening Standard · Mar 13