The Latest Breaking News from Oil

Nasdaq Rises Amid Middle East Uncertainty: Stock Market Today

Governments and global organizations are responding to the threat of a potential energy crisis stemming from the war in the Middle East.

Kiplinger · Mar 11

Ditch the Fancy Cleaning Products This March – Your Kitchen Cabinets Will Sparkle if You Switch to This Inexpensive, Non-Toxic Liquid for Spring Cleaning

You'll likely have a bottle of white vinegar hidden away in your cupboard, but did you know it works a dream on greasy, grimy cabinets?

Homes & Gardens · Mar 11

Morning Mail: strikes on ships raise stakes in Middle East, royal commission shock, art’s forgotten ‘genius’

Iran hits shipping in the strait of Hormuz prompting massive release of oil reserves; Dennis Richardson quits inquiry after two weeks

The Guardian - AU · Mar 11

Hungary and Slovakia resist renewal of Russia sanctions as deadline nears

The European Union wants to renew the individual sanctions on Russia by 15 March. But Hungary and Slovakia are blocking the decision. Tensions are running high between the three over the damaged Druzhba oil pipeline.

Euronews · Mar 11

Iran escalates attacks on infrastructure and transport networks across the Gulf

Iranian officials warn of ‘war of attrition’ and global economic chaos as energy supplies are throttled

The Guardian - UK · Mar 11

Top economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years

"Much like we saw in the wake of the pandemic," KPMG's Diane Swonk said, "those changes could trigger a longer-lasting bout of inflation."

Fortune · Mar 11

What is the Strait of Hormuz and why is it so important?

The world's busiest oil shipping channel has around a fifth of the world’s oil passing through it each year

Evening Standard · Mar 11

Crude Prices Rally Despite IEA Stockpile Release

April WTI crude oil (CLJ26 ) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26 ) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to...

Barchart · Mar 11

Corn Rallying on Wednesday

Corn futures are up 6 to 8 cents in the front months, with March up 10 ¼ cents. There were 553 deliveries against March corn overnight. The CmdtyView national average Cash Corn price is up 7 1/4 cents to $4.19. Crude oil is back up another $3.03 on Wednesday, adding...

Barchart · Mar 11

Soybeans Rallying on Wednesday

Soybeans are trading with double digit gains at midday, with contracts up 14 to 17 cents. The cmdtyView national average Cash Bean price is up 15 1/4 cents at $11.42 1/4. Soymeal futures are up 80 cents to $1.10, with Soy Oil futures 197 to 261 points higher. There were...

Barchart · Mar 11