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The Latest Breaking News from Oil

July’s Top Commodity Performers and Underperformers

Crude oil and oil products posted impressive gains in July as the on-again-off-again war in Iran continues to take center stage in the commodities asset class.

Barchart

Trump Warns Oil Executives: 'Get Your Retail Prices Down, NOW!'

President Donald Trump escalated his pressure campaign on the energy sector Monday, posting on Truth Social that oil companies must “get your consumer (retail!) Oil Prices DOWN, NOW!”

Benzinga

Stocks Rally on Easing Geopolitical Risks and US Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.081%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.40%. September E-mini S&P futures (ESU26 ) are up +1.11%, and September E-mini Nasdaq futures...

Barchart

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Large Caps Across Planes, Tech and Oil Announce Over $10 Billion in Buybacks

Airbus, Jabil and Valero Energy each announced buybacks exceeding $10 billion combined, backed by strong earnings, guidance, and stock performance in their respective sectors.

MarketBeat

Oil prices drop after Trump cancels strikes on Iran amid peace talks

Brent crude oil fell below 83 US dollars (£61.73) a barrel on Monday, down nearly 6%.

Evening Standard

Dollar Pressured by Strong Stocks and Easing Geopolitical Risks

The dollar index (DXY00 ) fell to a 7-week low today and is down by -0.10%. Easing geopolitical tensions in the Middle East are boosting stocks and reducing safe-haven demand for the dollar. Also, today's -6% plunge in WTI crude oil prices lowers inflation expectations and could prompt the Fed...

Barchart

Iraq Is Struggling To Get Its Oil Through The Hormuz Strait. It's Offering Millions In Discounts To Those Daring To Take It

Iraq's state oil marketer is offering millions in discounts to potential buyers daring to load up its crude and take it through the Strait of Hormuz.

International Business Times

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Stocks Supported by Easing Middle East Tensions

The S&P 500 Index ($SPX ) (SPY ) today is up +0.84%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. September E-mini S&P futures (ESU26 ) are up +0.90%, and September E-mini Nasdaq futures...

Barchart

‘The obsession with endless growth can only end in tears’: your questions on extreme weather this summer answered

From Europe’s deadly heat to floods in Asia, it’s been a terrifying summer. Environment writers Jonathan Watts and Ajit Niranjan answered Reddit users’ questions about their work – and their sources of hope

The Guardian - UK

Trump hails Chevron's comeback, tells oil firms: 'Get your consumer (retail) oil prices down, now'

Donald Trump stated his administration's policies fueled Chevron's success and growth. He highlighted the company's return to Venezuela as a significant achievement. Trump urged energy companies to reduce consumer fuel prices immediately. He believes the oil industry would have failed without his administration's strength. The former president emphasized lower energy…

The Economic Times

Confused about carbon capture? Experts explain why we need different types

The production of steel, concrete, fuel and agriculture chemicals is energy intensive. These industries critically rely on vast amounts of fossil fuels (coal, oil and gas) because the electricity grid doesn’t yet have enough capacity to distribute, store and supply renewables at scale.

The Conversation

Chevron Stock Moves Higher on Strong Results -Shorting CVX Puts and Calls Works Here

Chevron stock rose Friday on strong Q2 results. If oil and gas prices stay elevated, CVX stock could be undervalued. Shorting out-of-the-money CVX puts and calls is an attractive play here.

Barchart

Around 1900, the US planted Chinese tallow across the Gulf Coast as a commercial oil crop; it later invaded southern forests and can be toxic to cattle

Chinese tallow trees, once valued for commercial oils, now pose an invasive threat. These fast-growing trees spread rapidly across southern United States forests and grasslands. Their dense growth outcompetes native vegetation and alters wildlife habitats significantly. Controlling these invasive species requires persistent, combined management strategies. Preventing new ornamental plantings remains…

The Times of India

Bitcoin Price: Coldcard Wallet Exploit Drives BTC Below $63,000 as Losses Near $89 Million

Bitcoin slid below $63,000 on Monday despite easing oil prices and firmer stock futures, as mounting losses from a Coldcard wallet exploit unnerved traders.

International Business Times UK

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Barchart

Cotton Slipping Back on Monday Morning

Cotton price action is down 76 to 127 points so far on Monday morning. Futures closed the Friday session with contracts 53 to 112 points. December managed to close the week with a 181 point gains. Crude oil was back up $3.21 per barrel, with the US dollar index back...

The Economic Times

Market wrap: TCS, IndiGo, Sun Pharma among top gainers and losers on Nifty and Sensex on Monday

Indian benchmark indices surged on Monday after easing crude oil prices, sparked by renewed US-Iran talks, boosted investor sentiment. The Sensex jumped 544 points and the Nifty climbed 1.6%, adding nearly Rs 5 lakh crore to BSE market capitalisation. TCS, IndiGo and Infosys led gains, while Sun Pharma and Apollo…

The Conversation

A new Houthi front and expanded Iranian attacks risk sinking Gulf nations’ choke-point workaround and widening shipping risks

After a nine-month pause, Houthi militants in Yemen allied to Iran resumed attacks on vessels in the Red Sea on July 22, 2026, directly targeting the group’s longtime foe Saudi Arabia. A week later, a floating liquefied natural gas storage facility in Egypt’s Mediterranean port of Damietta was struck by…

The Economic Times

Bitcoin trades near $63,000 as falling oil prices ease inflation worries; weak flows limit recovery

Bitcoin traded near $63,000 as easing oil prices reduced inflation concerns, but weak institutional inflows and subdued spot activity capped gains. Ethereum and major altcoins declined, while analysts cited cautious investor sentiment, tighter liquidity and continued market consolidation.

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The Economic Times

India bonds end flat as oil drop offsets index setback

On Monday, Indian government bonds experienced a flat close following a day of volatility. A sharp decline in oil prices provided some respite after Bloomberg's recent decisions. The benchmark bond yield remained unchanged as traders adopted a cautious stance, awaiting the Reserve Bank of India's upcoming policy announcement this week.…

The Economic Times

ONGC to reserve half of new oil storage for strategic reserves

India's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleum needs. India is expanding its strategic petroleum reserve capacity with private participation. The nation plans additional storage facilities in Odisha and Padur. India currently has capacity to…

The Independent UK

Lakeland’s 10-in-1 pan looks like the Our Place always pan pro – I put it to the test

4.5/5 The new all-in-one cookware costs less than £90

Barchart

Do Wall Street Analysts Like EOG Resources Stock?

EOG Resources’ shares have outperformed the broader S&P 500 Index but fallen short of matching its industry peers’ gains over the past year. Even so, analysts remain moderately optimistic about the stock’s potential.

The Guardian - UK

‘Danger no longer only comes from the hitmen, but from the state’: the Honduran farmers labelled terrorists for protecting their land

After another massacre of smallholders – who are subjected to violence from palm oil firms and drug traffickers – the country’s new Trump-backed government has criminalised community leaders

Fortune

Current price of oil as of August 3, 2026

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

International Business Times

Trump Said He's Halting Attacks And Resuming Talks With Iran. Oil Prices Are Plunging

Oil prices are falling on Monday after President Donald Trump said he's halting attacks against Iran and resuming talks to end the war.

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