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The Latest Breaking News from Oil

Renewed Middle East Hostilities Boost Crude Oil Prices

July WTI crude oil (CLN26 ) today is up +1.31 (+1.45%), and July RBOB gasoline (RBN26 ) is up +0.0450 (+1.48%). Crude oil prices are moving sharply higher today amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the...

Barchart

Stocks Rally as Buyers Return After AI-Led Selloff

The S&P 500 Index ($SPX ) (SPY ) today is up +1.01%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.39%. June E-mini S&P futures (ESM26 ) are up +1.00%, and June E-mini Nasdaq futures...

Barchart

Govt cuts subsidised LPG cylinders to Ujjwala beneficiaries to 4

The government has cut the annual subsidised cooking gas cylinders for Ujjwala scheme beneficiaries to four. This move aligns support with average household consumption. Previously, beneficiaries received twelve cylinders. A subsidy of Rs 300 per cylinder is still provided. This change follows recent LPG price increases.

The Economic Times

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3 Energy Stocks Built for the AI Power Boom—And Beyond

Marc Lichtenfeld highlights HAL, CVX, and HASI as energy stocks positioned to benefit from AI-driven electricity demand growth forecast at 3.5% annually through 2030.

MarketBeat

Why is the US stock market rallying big today? Dow Jones, S&P 500 and Nasdaq surge on AI boom — Nvidia and Intel jump as Nasdaq significantly outperformed both the Dow and S&P

US Stock Market Rallies Monday as Tech Leads Rebound After Friday's Selloff: The Dow Jones Industrial Average climbed above 51,000. The S&P 500 advanced nearly 1%. The Nasdaq gained more than 1.5%, leading the rebound. Intel soared 11% on a major Google AI chip order, while Nvidia and Micron climbed…

The Economic Times

The Crunch: Disappearing Aussie music, mouse plagues and the secrets of traffic lights

We’ve charted the Australian charts. Plus: how AI may have been unfairly blamed for killing off entry-level jobs

The Guardian - AU

China's Reduced Oil Imports Have Helped Keep Prices In Check, But That Won't Last Much Longer: Analysts

China's reduced oil imports have helped keep prices in check, but that won't last much longer, according to analysts cited in a new report.

International Business Times

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9 Plants That Can Help Lower Backyard Mosquito Populations Naturally

A backyard can quickly turn uncomfortable when mosquitoes start swarming at dusk, but nature offers a surprisingly stylish solution. Certain plants release strong natural oils that confuse, repel, or deter mosquitoes from settling in. Gardeners can strategically place these plants around patios, seating areas, and garden edges for better outdoor…

Frugal Gardening

Will Iran give up on ceasefire talks as strait of Hormuz blockade continues?

Chokehold on shipping route draws Houthis in Yemen back into conflict as commenters see ‘no turning back’

The Guardian - UK

AI stocks recover some of last week's sell-off, while oil prices come off their overnight highs

Wall Street is clawing back some of its steep losses from last week

AAP

McDonald’s worker left in ICU after colleague throws scalding oil on him, mother launches fundraiser: 'The pain he’s experiencing...'

A routine shift at a McDonald’s restaurant turned horrific when a 20-year-old employee was doused with scalding hot oil by a co-worker in an unprovoked attack.

The Times of India

US stocks claw back some of the ground they lost on Friday

Wall Street is recovering a bit from its beat-down from Friday, as stocks swept up in the artificial-intelligence boom bounce back

AAP

How to grill vegetables and toss them in Isaac Toups’ bacon vinaigrette

New Orleans chef Isaac Toups says that to make vegetables taste amazing, try charring them on the grill and tossing them in a bacon vinaigrette

The Independent UK

Houthis join Iran war fight, threatening Red Sea shipping amid Hormuz closure

Yemen's Houthis declared a ban on Israeli shipping in the Red Sea and claimed a missile strike on Israel, with the Bab el-Mandeb and Hormuz blockades now simultaneously threatening roughly a third of the world's seaborne oil and gas.

Euronews

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The Economic Times

California shocker: McDonald’s worker left with second-degree burns on face, neck, arm, back after hot oil attack

A young McDonald's worker in Yuba City, California, is fighting for his life after a co-worker allegedly threw hot oil on him. The 20-year-old victim suffered severe burns and remains in intensive care. The accused, 23-year-old Jalani Bluett, has been arrested and faces felony charges. The motive behind the shocking…

The Independent UK

McDonald’s employee left in ‘excruciating’ pain with second-degree burns all over body after co-worker allegedly threw hot oil on him

A fundraiser for the injured McDonald’s manager has raised over $100,000 over the past two weeks

Fortune

Current price of oil as of June 8, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

International Business Times

Oil Plunges After Iran Announces End Of Military Action Against Israel

Oil retreated after Iran announced an end to its latest military actions against Israel on Monday.

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Barchart

Cotton Back to Higher Trade to Start Monday

Cotton price action is trading with 20 to 56 points across the front months on Monday morning. Futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index was up $0.643 at $100.025. Crude oil losses...

AAP

Oil prices are volatile with potential easing of violence after an exchange of fire

Wall Street pointed toward gains and oil prices briefly rose more than $4 as fighting between Israel and Iran escalated

The Economic Times

Shipping Ministry confirms attack on vessel carrying 24 Indian seafarers south of the Strait of Hormuz

A fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. India's Ministry of Ports, Shipping and Waterways is actively coordinating with other government bodies and Indian embassies overseas. The tanker was reportedly empty at the time,…

The Economic Times

Higher airfares can price out people from flying: IATA Chief Economist

Airlines plan to increase ticket prices to offset rising fuel costs. This move might make flying unaffordable for some travelers. Jet fuel prices are projected to surge significantly by 2026. Passenger ticket revenues are expected to climb, outpacing demand growth. Airlines typically pass on half of fuel cost increases to…

Evening Standard

Miliband urged to visit Aberdeen amid oil and gas ‘extinction’ accusation

The Aberdeen South by-election has been called after former SNP Westminster leader Stephen Flynn was elected to Holyrood.

Evening Standard

BP says it paid £1.2bn in UK taxes last year amid Government plans to raise more

The energy firm said the total amount of taxes paid in 2025 include £422 million raised from the energy profits levy.

The Economic Times

Rupee slumps as elevated crude, Treasury yields support dollar

A raft of measures aimed at supporting the currency battered by the impact of the months-long Iran war had boosted the rupee to its best ‌day in ⁠two months ⁠on Friday.

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