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The Latest Breaking News from Oil

Oil rebounds after news of US strikes on Iranian military site

Oil prices surged today following reports of new U.S. strikes on an Iranian military site. This escalation comes as Washington and Tehran are in negotiations to end their conflict. Brent crude futures and U.S. West Texas Intermediate futures saw significant gains. U.S. crude oil stockpiles also fell for the sixth…

The Economic Times

Cambodia unrest to dent OR earnings in 2026

PTT Oil and Retail Business Plc (OR), Thailand's largest oil trader by volume, expects a minor impact to its financial performance this year after shuttering parts of its oil and non-oil operations in Cambodia amid ongoing border tensions.

Bangkok Post

Baker Hughes CEO: Data Centers, LNG Fuel Shift Beyond Oilfield Services

Baker Hughes (NASDAQ:BKR) Chairman and Chief Executive Officer Lorenzo Simonelli said the company has become “very different” from the traditional oilfield services business it was a decade ago, emphasizing a broader strategy focused on industrial energy solutions, natural gas, power generation and

MarketBeat

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Markets bullish despite flare-up in Middle East

Even though an Iran peace deal appears elusive amid new US strikes, stock sentiment remains convinced the conflict is winding down, which could push up the Thai bourse to 1,600 points by the end of the year, say analysts.

Bangkok Post

Corn Pressure from Crude Continues on Wednesday

Corn futures posted Wednesday losses of 3 to 5 cents across most contracts. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. The CmdtyView national average Cash Corn price was down 4 3/4 cents to $4.13 1/4. NASS Crop Progress data showed the US corn crop...

Barchart

Cotton Closes Lower on Wednesday

Cotton futures posted losses of 33 to 121 points across most contracts on Wednesday. The US dollar index was $0.054 higher at $99.155. Crude oil was down $4.48 on the day to $89.41 to add pressure. NASS Crop Progress data showed 53% of the US cotton crop planted as of...

Barchart

Wheat Fall Lower on Wednesday

The wheat complex saw weakness on Wednesday. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. Chicago SRW futures were 10 to 13 cents lower at the close. KC HRW futures saw Wednesday losses of 2 ½ to 7 ½ cents. MPLS spring wheat posted 2...

Barchart

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Soybeans See Late Pressure to Close Wednesday Mixed

Soybeans saw late Wednesday weakness, with contracts closing 1 ¼ lower to 1 ¾ cents higher. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $11.27. Soymeal futures was up 20 cents to $2.30, with Soy Oil futures 4 to 90 points higher on Wednesday. Export...

Barchart

UTN Party opposes jet fuel exports

The United Thai Nation Party (UTN) opposes the government's plan to export Jet A-1 aviation fuel to Vietnam and the Philippines, arguing the policy mainly benefits oil refineries while undermining Thailand's tourism sector and energy security.

Bangkok Post

Stocks Settle Mixed on Conflicting US-Iran Signals

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.09%. June E-mini S&P futures (ESM26 ) rose +0.04%, and June E-mini Nasdaq futures...

Barchart

How major US stock indexes fared Wednesday 5/27/2026

U.S. stocks inched to more records after oil prices fell back to where they were in mid-April

AAP

US stocks inch to more records after oil prices drop

U.S. stocks inched to more records after oil prices fell back to where they were in mid-April

AAP

'You Want $3 Gas Again?': Why 2032 Is the Earliest Drivers Can Expect Relief at the Pump as Prices Stay Trapped

The US-Israel conflict with Iran has severely disrupted global energy markets, delaying petrol price recovery until at least 2032, with significant impacts on American households and the global economy.

International Business Times UK

Dollar Recovers on Conflicting US-Iran Peace Plans

The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals about prospects for a US-Iran deal to end the war and reopen the Strait of Hormuz. Iranian television said it obtained an unofficial draft of...

Barchart

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Barchart

Crude Oil Prices Sink as Hormuz-Reopening Talks Continue

July WTI crude oil (CLN26 ) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26 ) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are...

Budget and the Bees

8 Pantry Staples That Could Start Disappearing From Shelves in the Next 30 Days

If you’ve walked into a grocery store lately and noticed gaps where your favorite pantry items used to be, you’re not imagining things. Short-term shortages don’t always mean a national crisis, but seasonal demand, weather problems, global supply disruptions, and sudden buying trends can empty shelves fast. Smart shoppers aren’t…

AAP

Wall Street hangs near its records as oil prices sink

U.S. stocks are hanging near their records as oil prices fall

AAP

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Wednesday:

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The Economic Times

Why are gold and silver prices down sharply today and will precious metals continue to fall or rise again? Gold hits two-month low as inflation fears rise

Why are gold and silver prices down sharply today and will precious metals continue to fall or rise again? Gold prices dropped to a two-month low after investors reacted to inflation concerns, rising oil prices, and expectations of interest rate hikes by the US Federal Reserve. Silver prices also declined…

Texas Observer

Did Texas Republicans’ Restive Runoffs Imperil Their November Ballot?

In almost all cases, the most problematic, extremist, unqualified, and Trumpian candidate won the day.

Barchart

Cotton Facing Wednesday Midday Pressure

Cotton futures are trading with contracts down 55 to 65 points across most nearbys at midday. The US dollar index is $0.019 higher at $99.120. Crude oil is down $4.01 on the day to $89.88. NASS Crop Progress data showed 53% of the US cotton crop planted as of May...

Barchart

Soybeans Posting Wednesday Strength

Soybeans are trading with 3 to 5 cent gains on Wednesday, with product value support. The cmdtyView national average Cash Bean price is up 3 cents at $11.27 1/2. Soymeal futures is up $3 to $3.50, with Soy Oil futures 79 to 99 points so far on Wednesday. The weekly...

Evening Standard

FTSE 100 edges up and oil sinks amid peace optimism

The FTSE 100 closed up 13.62 points, 0.1%, at 10,505.01.

Euronews

Nordic coalition urges EU to stand firm against new oil and gas drilling in the Arctic

The appeal sent to the European Commission cites environmental concerns and security risks if the EU decides to lift the ban on oil and gas drilling in the Arctic. Instead, EU leaders are urged to focus on electrifying the economy and transport while expanding domestic clean energy production.

Euronews

Carlos Slim: 'Pemex crisis is Mexico's main problem'

The richest man in Mexico, Carlos Slim, says the crisis at state oil firm Pemex is the country's main problem, with plunging output, weak investment and debts of about $85bn.

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