The Latest Breaking News from Oil

Soybeans Fading Lower at Monday’s Midday

Soybeans are 6 to 9 cents across most contracts on Monday, fading off overnight gains. There were another 158 deliveries issued on Friday evening. The cmdtyView national average Cash Bean price is down 3 1/2 cents at $10.89 1/2. Soymeal futures are falling $6.50 to $7 at midday. Soy Oil...

Barchart · Mar 2

Reeves under pressure to keep energy and fuel prices affordable in spring statement as Iran war escalates

Fears over the impact of Donald Trump’s Iran war on energy prices prompt calls for chancellor to keep bills down

The Independent UK · Mar 2

A gas shock – not an oil shock – from the Iran war looks more threatening

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

The Guardian - UK · Mar 2

Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging

The Guardian - UK · Mar 2

European stocks sink amid Middle East uncertainty

The FTSE 100 Index ended down 130.44 points, 1.2%, at 10,780.11.

Evening Standard · Mar 2

Middle East chaos spreads as death toll from Trump’s war with Iran grows

More countries have been drawn into the conflict between the US and Iran, with fears strikes could continue for weeks

The Independent UK · Mar 2

The Iran conflict matters more for inflation than growth

Americans will see higher prices for energy in the weeks ahead.

Axios · Mar 2

The oil price surge is just one symptom of a supply chain network that is not fit for this age of global tensions

The escalating conflict between Iran, the US and Israel has taken a critical turn. The strait of Hormuz – one of the most important shipping routes for oil and gas – is facing significant disruption. The strait is the main route connecting Persian Gulf ports in Iran and some of…

The Conversation · Mar 2

Crude Oil Prices Soar on War in Iran

April WTI crude oil (CLJ26 ) today is up +4.20 (+6.27%), and April RBOB gasoline (RBJ26 ) is up +0.0968 (+4.24%). Crude oil and gasoline prices are sharply higher today, with crude posting an 8.25-month high and gasoline posting a 19-month high. The main bullish factor for crude prices is...

Barchart · Mar 2

Commodity Roundup- February’s Top Performers and Underperformers

Precious metals and most energy prices moved higher in February. Three of the five soft commodities, natural gas, and cryptocurrencies posted double-digit percentage declines.

Barchart · Mar 2