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The Latest Breaking News from Oil

Crude Oil Prices Pressured as Global Supplies Rebound

August WTI crude oil (CLQ26 ) on Monday closed down -0.14 (-0.20%), and August RBOB gasoline (RBQ26 ) closed up +0.0860 (+2.95%). Crude oil and gasoline prices settled mixed on Monday, with gasoline posting a 3-week high. Crude oil was under pressure on Monday as flows through the Strait of...

Barchart

This Analyst Just Upgraded Chevron Stock. Here's Why.

Chevron stock inched up on Friday as Wolfe Research upgraded it to "Outperform." Here’s why the firm’s analyst turned bullish on CVX shares.

Barchart

Cotton Posting Monday Gains

Cotton futures are trading with 100 to 112 point gains across most contracts, with the exception to the nearby July contract. Crude oil is down 57 cents, with the US dollar index up $0.104 at $100.725. The Cotlook A Index was down 75 points on July 3 at 85.80 cents....

Barchart

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Soybeans Rallying 40+ Cents on Monday

Soybeans are trading with 43 to 49 cent gains in the front months at Monday’s midday. There was just 1 delivery issued against July futures on Thursday, with 0 for July meal and bean oil. The cmdtyView national average Cash Bean price is up 43 1/4 cents at $11.32 3/4....

Barchart

'It’s A Half Hour Job': Woman Goes To Walmart For An Oil Change. 90 Minutes Later, She's Still Waiting—She Thinks She Knows Why

'Taking a BMW to Walmart for an oil change is like microwaving a steak.'

Motor1

Dry New Mexico Actually Has Lots of Water. Unfortunately, It’s Toxic — So Far.

The glut of wastewater is so massive industry execs fear it will soon throttle production in the nation's largest oil field.

Capital & Main

Doug Casey Calls AI a Super Bubble, Bets on Energy, Gold Miners and Grains

Investor Doug Casey warns AI stocks show mania-like traits and favors energy, gold mining, and farm commodities like corn and soybeans as alternatives amid rising fertilizer and power demand concerns.

MarketBeat

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Crude Oil Prices Recover as the Crack Spread Soars

August WTI crude oil (CLQ26 ) today is up +0.23 (+0.33%), and August RBOB gasoline (RBQ26 ) is up +0.1010 (+3.46%). Crude oil and gasoline prices erased early losses and moved higher today, with gasoline posting a 3-week high. Short covering emerged in crude oil prices today after the crude...

Barchart

Iran Has Millions of Barrels to Sell. But Doing So Could Be Much Harder Than Expected

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal with the U.S., Tehran could face not having any interested buyers.

International Business Times

Ukraine hits vital oil refinery more than 2,500km behind Russian border

While Russia continues to pound Ukraine with missiles and drones, killing at least 19 people and injuring dozens more in Kyiv, Ukraine is striking deep inside Russian territory as part of a campaign to degrade the Kremlin’s war machine.

Euronews

US service sector growth dips in June; employment rebounds after months of contraction

US services sector activity saw a slight dip in June as the impact of Middle East war-driven order rushes faded. However, employment rebounded strongly, signaling continued labor market stability. While new orders decreased, order backlogs grew. Falling oil prices helped slow inflation, though underlying price pressures persist due to AI…

The Economic Times

Stock Indexes Supported by Strength in Chipmakers and AI Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.17%. September E-mini S&P futures (ESU26 ) are up +0.46%, and September E-mini Nasdaq futures...

Barchart

GB News co-owner ‘cashing in on climate chaos’ after leap in fossil fuel investments, critics say

Exclusive: Campaigners argue the news channel’s attacks on climate action ‘work in financial interests’ of Sir Paul Marshall

The Guardian - UK

AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says

Morgan Stanley has recommended a strategic pivot in market investments, directing attention from semiconductor stocks to AI-based giants such as Alphabet and Amazon. This shift is fueled by expectations of reduced rate hikes and a decline in oil prices, which favor sectors like consumer discretionary, transport, and biotech. As major…

The Economic Times

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Newslaundry

Bhutan editor stands by E20 report after Modi govt denial

Last week, Bhutanese newspaper The Bhutanese reported that Bhutan had declined an offer from Indian Oil Marketing Companies (OMCs) to supply E20 petrol.

International Business Times

Wall Street Wants To Trade AI Compute Like Oil. Is The AI Boom Creating Finance's Next Big Market?

Financial firms are expanding efforts to create standardized markets for AI computing power, bringing commodity-style trading tools to one of the fastest-growing sectors in technology.

International Business Times

Trump Has Accused Oil Companies Of 'Gauging' Consumers. South Korean Prosecutors Have Done Exactly That.

Four major oil refiners in South Korea have been indicted over alleged price collusion.

Fortune

Current price of oil as of July 6, 2026

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

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The Conversation

The ‘navalization’ of economic warfare sees trade routes become zones of force rather than rules

With more than 80% of global trade by volume being transported by sea, maritime shipping lanes are indispensable to the world economy. That fact was starkly illustrated by the war in Iran, which saw Tehran effectively close the Strait of Hormuz to commercial traffic and Washington respond with a blockade…

International Business Times

Ukrainian Drone Strikes Keep Hitting Russian Energy Infrastructure. Moscow Is Increasingly Feeling The Pain.

Ukrainian drone strikes are increasingly targeting Russia's oil refineries and storage facilities, disrupting fuel production and distribution, and creating economic challenges for Moscow amid ongoing conflict.

The Guardian - UK

Smoke, soot and toxic fumes: Nigerian families living in shadow of burning oil well six years after blowout

Villagers in Awoye in the Niger Delta say the ongoing pollution is causing sickness and environmental destruction, while pleas for help go unanswered

The Times of India

Nearly all of Russia's 83 regions face fuel supply disruptions amid Ukrainian strikes

Russia is grappling with widespread fuel shortages, with nearly all its regions experiencing gasoline disruptions. Ukrainian drone strikes on oil refineries are blamed for the crisis, leading to rationing and long queues at gas stations. Moscow is now scrambling to stabilize supplies, considering export bans and increasing imports, even from…

The Guardian - UK

Vegan bolognese, naan pizza and chicken traybake: three nutritious meals that are perfect for students

You don’t need the latest gadgets, fancy ingredients or a big budget to make delicious meals for you and your friends – but planning is key

The Economic Times

Rupee hits three-week low at 95.39 vs USD as firmer dollar, NDF maturities pinch

The Indian rupee touched a three-week low against the dollar on Monday, influenced by a stronger greenback and demand for foreign currency. While falling oil prices and measures to boost dollar inflows offered some support, corporate arbitrage trades added to the pressure. Analysts at Goldman Sachs have revised their rupee…

MyLifeXP

7 Powerful Kalashtami Rituals for Protection and Peace

There are many sacred days in the Hindu calendar, but few carry the intensity and spiritual depth of Kalashtami. Dedicated to Lord Kaal Bhairav, the fierce and protective form of Lord Shiva, this day is believed to remove negativity, strengthen inner courage, and protect devotees from unseen obstacles. Every month,…

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