The Latest Breaking News from Oil

Cotton futures posted a stronger Tuesday trade, with contracts closing 40 to 45 points higher. Crude oil futures were 46 cents per barrel higher at $58.47. The US dollar index was back down $0.364 to $97.590. The Tuesday Export Sales catch up release showed 304,689 RB of cotton sold in...

Soybeans slipped lower into the Tuesday close with contracts down 1 to 2 cents in the front months. The cmdtyView national average Cash Bean price was 3 cents lower at $9.80 3/4. Soymeal futures posted gains of $1.10 to $2.50 on Tuesday, with Soy Oil futures slipping back 25 to...

‘Eight years and four months of debt in exchange for something that you will likely lose 20% of value on before you get to change the oil for the second time is just madness,’ one expert said

Venezuela's political opposition, including Nobel Peace laureate María Corina Machado, has expressed support for Trump's Venezuela policy, including the seizure of tankers

Crude oil prices had gone nowhere fast and remained in a trading range around the $60 per barrel pivot point on the nearby NYMEX WTI contract. While the 2025 trend is bearish, the price only marginally eclipsed the critical technical support level at the April 2025 low in December.

Soybeans are easing back lower on Tuesday, with contracts down 1 to 2 ½ cents. The cmdtyView national average Cash Bean price is 2 3/4 cents lower at $9.80 1/4. Soymeal futures are showing gains of $2.50 to $3.20 so far on Tuesday, with Soy Oil futures slipping back 30...

Cotton futures are back to higher trade on Tuesday, with contracts up 40 to 45 points at midday. Crude oil futures are 15 cents per barrel higher at $58.16. The US dollar index was back down $0.194 to $97.760. The Tuesday Export Sales catch up release showed 304,689 RB of...

As U.S. officials target Venezuelan oil tankers allegedly linked to a so-called dark fleet used to evade sanctions, Maduro said Washington's actions are a "test" for Venezuela to break free from oil dependence and emerge as a stronger economy.

January WTI crude oil (CLF26 ) today is up +0.51 (+0.91%), and January RBOB gasoline (RBF26 ) is down -0.0024 (-0.14%). Crude oil today is higher on continued concern about oil risks related to Venezuela and Ukraine-Russia. Other bullish factors included the weaker dollar and the slightly stronger stock market....

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Soybeans are showing strength on Tuesday, with contracts up 1 to 3 cents. Futures posted Monday gains of 4 to 5 ½ cents as bulls were in a jollier mood to start the holiday week. Preliminary open interest dropped 10,552 contracts, mostly in the January (29,199 contracts) ahead of thin...