The Latest Breaking News from Oil

Stocks Finish Lower as War Rages in the Middle East

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.56%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.29%. March E-mini S&P futures (ESH26 ) fell -0.60%, and March E-mini Nasdaq futures...

Barchart · Mar 5

Oil Surges Above $80 Per Barrel As Escalating Iran War Threatens Global Fuel Supplies

U.S. crude oil prices surged past $80 per barrel this week as escalating military conflict involving Iran disrupted global energy supply chains.

International Business Times · Mar 5

White House In Crisis Mode As Gas Prices Surge, Iran War Widens And Americans Left Stranded Overseas

The escalating conflict with Iran is causing global oil shocks, diplomatic crises, and economic disruptions, affecting energy markets and American citizens abroad.

International Business Times UK · Mar 5

Persian Gulf desalination plants could become military targets in regional war

Saudi Arabia, the United Arab Emirates and neighboring countries in the Persian Gulf region use the fossil fuels under their desert lands not only to make money, but also to make drinking water. The petroleum they produce powers more than 400 desalination plants, which turn seawater into drinkable water.

The Conversation · Mar 5

Zelenskyy says Druzhba pipeline could be restored ‘in month and a half’ as he hits back at Orbán

"Ukraine can repair the Friendship oil pipeline in a month or a month and a half, although it sees no technical or safety reason to do so," Zelenskyy said. "I will be frank: my position, which is shared with European leaders, is that I would not repair the pipeline."

Euronews · Mar 5

An Oil Price Shock Is Hitting Royal Caribbean Stock. Why These 2 Unusually Active Options Are Precisely What You Need Now.

Royal Caribbean Cruises, like all cruise operators, is deeply concerned about rising oil prices resulting from the Iran war. In yesterday’s options trading, RCL had two unusually active options in the top 20. Here’s why long-term shareholders should consider them.

Barchart · Mar 5

Soybeans Rallying on Thursday, with Bean Oil Strength

Soybeans are 7 to 8 cents in the green on Thursday, as the bean oil rally continues. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price is yp 7 1/2 cents at $11.03 1/4. Soymeal futures are steady to 30 cents lower on the day,...

Barchart · Mar 5

Cotton Falling lower on Thursday

Cotton futures are down 15 to 28 points across most contracts on Thursday. Crude oil is up $4.90 on the day to $79.56. The US dollar index is back up $0.510 at $99.240. USDA Export Sales data from this morning showed 150,362 RB of old crop cotton sold in the...

Barchart · Mar 5

Corn Rallying on Thursday with Outside Support and Solid Export Business

Corn futures are trading with 6 to 8 ¼ cent gains across most contracts on Thursday’s midday. Crude oil is nearing the $80 level, up $4.78 at midday and providing some spillover support. The CmdtyView national averageCash Corn price is up 7 1/4 cents to $4.10 1/2. Export Sales data...

Barchart · Mar 5

Soaring Crude Oil Prices Push Sugar Higher

May NY world sugar #11 (SBK26 ) today is up +0.08 (+0.58%), and May London ICE white sugar #5 (SWK26 ) is up +0.60 (+0.15%). Sugar prices recovered from early losses today and pushed higher, supported by soaring crude oil prices. WTI crude oil (CLJ26 ) surged to a 13.5-month...

Barchart · Mar 5