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The Latest Breaking News from Oil

Global Market Today: Asian stocks fall on Korean chip selloff, oil dips

Asian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also surfaced over Apple's potential chip purchases from China, impacting major players like Samsung and SK Hynix. Meanwhile, comments from Federal Reserve Chairman Kevin Warsh eased inflation worries, suggesting no immediate…

The Economic Times

Diesel prices fall by record amounts as Iran crisis eases

The cost of oil, which is a major influence on fuel prices, fell below pre-crisis levels for the first time since the war started on February 28

The Independent UK

Cotton Rallies into the Wednesday Close

Cotton futures were in rally mode late on Wednesday, with contracts up 104 to 106 points in the front months. Crude oil was down $1.41/bbl to $68.09. The US dollar index was up $0.243 at $101.200. The annual June Acreage report showed all cotton acres this spring planted at 9.85...

Barchart

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Soybeans See First of the Month Strength on Wednesday

Soybeans posted gains of 3 to 9 ½ cents across most contracts, led by the front months on Wednesday. The cmdtyView national average Cash Bean price was up 15 1/4 cents at $10.85 1/4. Soymeal futures were steady to $1.90 higher, with Soy Oil futures mixed from 28 points higher...

Barchart

Iran War Fallout Set to Deepen China's Grip on Global Renewable Energy Supply

The US-Iran conflict accelerates the global shift from fossil fuels, with China emerging as a major beneficiary due to its dominance in renewable energy production and infrastructure.

International Business Times UK

Beef Tallow Is Back on the Menu: The Old-School Cooking Fat Making a Sustainable Comeback

Modern cooking trends are finally circling back to traditional ingredients that older generations used daily. For decades, vegetable oils dominated the supermarket aisles due to heavy corporate marketing and outdated health advice. Today, professional chefs and home cooks are rapidly abandoning these highly processed seed oils. Beef tallow is officially…

Grocery Coupon Guide

Man Goes To Take 5. Then His Car Won’t Start. Then The Worker Pushes It Out Of The Shop... Because It’s In The Way

'This happened to us at Jiffy Lube.'

Motor1

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Crude Prices Slide as Geopolitical Risks Ease

August WTI crude oil (CLQ26 ) on Wednesday closed down -0.92 (-1.32%), and August RBOB gasoline (RBQ26 ) closed up +0.0503 (+1.74%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices were under pressure...

Barchart

‘It’s fair to ask whether it was worth it’: The Iran war has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says

Gas prices, higher interest rates, and taxpayers covering military costs are adding up to quite the bill for American households.

Fortune

California delays first emissions reporting deadline to November

In this week’s edition of Economy and Society:

Ballotpedia

US-Iran ceasefire tailored for US mid-terms, not lasting peace: Report

The ceasefire between the US and Iran has eased fears of a wider conflict and led to the reopening of the Strait of Hormuz, pushing oil prices lower. However, the truce may be tactical rather than permanent, according to analyst cited by Reuters. The underlying disputes, over Iran's nuclear program,…

The Times of India

Cotton Posting Midday Gains on Wednesday

Cotton futures are showing 22 point gains in the front month July with other nearbys up 90 points at midday. Crude oil was down $1.22/bbl to $65.28. The US dollar index is up $0.183 at $101.140. The annual June Acreage report showed all cotton acres this spring planted at 9.85...

Barchart

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities rebounded after two sessions of losses, with Sensex rising 444 points and Nifty reclaiming 24,000. Easing geopolitical tensions, trade deal optimism and lower oil prices boosted sentiment, while analysts maintained a bullish outlook above the key 23,800 support.

The Economic Times

Crude Prices Retreat on Progress in US-Iran Peace Talks

August WTI crude oil (CLQ26 ) today is down -1.26 (-1.81%), and August RBOB gasoline (RBQ26 ) is up +0.0335 (+1.16%). Crude oil and gasoline prices are mixed today, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices are under pressure today amid...

Barchart

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International Business Times UK

How Trump is Allegedly Weaponising Iran Ceasefire to Manipulate Global Oil Markets

Donald Trump is considering whether to continue negotiations with Iran or resume military strikes, amid tensions in the Strait of Hormuz affecting global oil supplies.

The Independent UK

Government is warned support on energy bills can’t wait as price cap rises £221

Chancellor Rachel Reeves has indicated that targeted energy support could come in the autumn

Barchart

June’s Top Commodity Performers and Underperformers

Commodity prices declined in June as the dollar index rallied and interest rates remained elevated. Precious metals and energy commodities posted the most substantial declines in the month that ended on June 30.

Reason

Trump Scapegoats Gas Companies for Price Hikes Caused by His Iran War

The president is threatening gas companies and retailers over prices his own Iran policy helped create, while demanding that prices drop to a level the market hasn't seen since 2020.

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Euronews

Ukraine hits Russia's Ufa oil refinery for second time in a week, Zelenskyy says

Ukraine’s domestically developed and manufactured drones and missiles have been hammering Russian oil facilities, including refineries, terminals, storage depots and pipeline pumping stations, for months.

The Guardian - UK

US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner says

Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oil

Fortune

Current price of oil as of July 1, 2026

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

International Business Times

Iran Faced The Blockade Of Its Ports During The War. Now It Says It Is Selling Oil Much Higher Than Before.

Iran said it is selling oil at prices that are roughly 20% higher than before the war.

Barchart

Cotton Rallying on Wednesday Morning

Cotton price action is up 77 to 90 points early on Wednesday morning. Futures found strength to round out June, with contracts 22 to 43 points higher despite USDA reporting more acres than expected on Tuesday. Crude oil was down $0.82/bbl to $69.83. The US dollar index is up $0.118...

The Economic Times

Why are oil prices down today, and will Brent futures and US WTI crude prices continue to fall or rise again? Iran-US talks, Strait of Hormuz recovery and US inventory data keep crude market under focus

Oil prices declined as investors watched Iran-US talks, the recovery of shipping through the Strait of Hormuz, and upcoming US inventory data. Brent futures and US WTI crude remained under pressure after recent gains faded. Analysts say supply expectations, inventory trends, and geopolitical developments will decide the next direction of…

MarketBeat

3 Charts That Could Change the Course of Summer Trading

The S&P 500 faces a potential 20% correction in H2 2026 as VIX signals volatility, oil price risk threatens inflation, and rate hike odds rise to 80%.

1 … 78 79 80 81

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