The Latest Breaking News from Oil

Soybeans Resuming Losses on Wednesday

Soybean futures are heading lower on Wednesday, with losses of 7 to 8 ½ cents. CME reported preliminary open interest up 4,577 contracts on Tuesday. The cmdtyView national average Cash Bean price is down 8 1/2 cents at $9.25 3/4. Soymeal futures are heading back lower, down $5.10 to $6.30....

Barchart · Aug 6, 2025

Trump cranks up India tariffs to 50% in an attempt to pressure Russia

Brazil and India now face the world’s steepest blanket tariff at 50%, with India targeted for Russian oil purchases undermining US sanctions.

Euronews · Aug 6, 2025

The Latest: Putin hosts Trump envoy Witkoff for crucial talks on Ukraine peace deal

Russian President Vladimir Putin is hosting U.S. President Donald Trump’s special envoy Steve Witkoff for talks, days before the White House’s deadline for Russia to reach a peace deal with Ukraine or potentially face severe economic penalties that could also hit countries buying its oil

The Independent UK · Aug 6, 2025

Trump Doubles Tariffs On India To 50% Over Russian Oil Trade

President Donald Trump has taken a major swing at India's trade relationship with the U.S., slapping an additional 25% tariff on Indian imports in response to New Delhi's continued purchases of Russian oil—effectively doubling the total tariff burden on Indian goods to 50%.

Benzinga · Aug 6, 2025

World awaits Trump’s next move as Russia ceasefire deadline approaches

US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine war

The Guardian - UK · Aug 6, 2025

6 Store Brands That Failed Third-Party Quality Tests

We trust store brands to offer a quality comparable to national brands at a lower price. While that is often true, it is not always a guarantee. Independent, third-party organizations like Consumer Reports and other consumer testing labs frequently put private-label products to the test, and the results can be…

Grocery Coupon Guide · Aug 6, 2025

Cotton Extending Move Higher on Wednesday Morning

Cotton price action is up 4 to 26 points so far on Wednesday. Futures posted gains of 44 to 103 points across the front months on the Tuesday session. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower. Cotton exports excluding...

Barchart · Aug 6, 2025

Soybeans Getting an Early Wednesday Recovery

Soybeans are seeing a bounce so far on Wednesday morning, with contracts up 1 to 3 cents. Futures reverted from the midsession gains on Tuesday, as contracts closed with losses of 3 to 4 cents. CME reported preliminary open interest up 4,577 contracts on Tuesday. The cmdtyView national average Cash...

Barchart · Aug 6, 2025

Trump’s envoy Witkoff will bring back only humiliation from his meeting with Putin

COMMENT: Steve Witkoff – the president’s international diplomatic Mr Fixit – has failed to bring peace to the Middle East or deliver on Trump’s boast that he would end the war in Ukraine in 24 hours, writes world affairs editor Sam Kiley

The Independent UK · Aug 6, 2025

Trump Tells India: Stop Buying Russian Oil or Face 25% Tariffs

Donald Trump has told India to end its purchases of Russian oil or face tariffs of 25% or more, accusing New Delhi of fuelling Moscow's war in Ukraine and threatening a major trade clash.

International Business Times UK · Aug 6, 2025