The Latest Breaking News from Oil

Gas stations in America are starting to max out their displays with $9.999 prices

Gas station displays typically only have four digits, meaning they can’t show $10 or more per gallon prices

The Independent UK · Sep 10

Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances

The S&P 500 Index ($SPX ) (SPY ) closed down -0.58% on Thursday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.08%. E-mini S&P futures (ESU26 ) fell -0.61%, and September E-mini Nasdaq futures (NQU26...

Barchart · Sep 10

US stocks today: US stocks end lower as rising oil, Treasury yields lift Fed hike bets

US stocks fell as Brent crude surged 6% to $107 a barrel and Treasury yields climbed to multi-year highs. Rising energy prices and producer inflation data strengthened expectations of a Federal Reserve rate hike next week. Nvidia and Micron declined, while Apple gained after launching its latest iPhone.

The Economic Times · Sep 10

Iran-Backed Houthis Take a Key Port City In Yemen. Traffic Through The Red Sea Could Be Threatened Further.

Oil prices climbed further on Thursday following the development.

International Business Times · Sep 10

Can Soybeans Remain in the Teens?

The first time nearby CBOT soybean futures traded at $13 per bushel or above was in Q1 2028. Beans have traded in the teens in 2008, 2010, 2011, 2012, 2013, 2014, 2020, 2021, 2022, and 2023. In 2026, the beans are once again trading in the teens, a critical psychological…

Barchart · Sep 10

Sugar Prices Climb as Crude Oil Soars

October NY world sugar #11 (SBV26 ) closed up +0.33 (+1.79%) on Thursday, and October London ICE white sugar #5 (SWV26 ) closed up +4.00 (+0.75%). Sugar prices rallied on Thursday, with NY sugar posting a 1-week high and London sugar posting a 2.5-week high. Soaring crude oil prices are...

Barchart · Sep 10

Oil Prices Keep Soaring And Treasury Yields Remain High. Chances Of a Fed Hike Are Greater.

Odds of a rate hike next week are now above 70%, according to the CME Group's Fed Watch tool.

International Business Times · Sep 10

Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks

Oil prices climbed over one hundred dollars per barrel on Thursday amid escalating attacks on shipping lanes. The surge was driven by fears of supply disruptions sparked by the Houthis' capture of a Yemeni port, posing significant risks to Red Sea navigation. Market analysts suggest that China's oil buying habits…

The Economic Times · Sep 10

Global bond sell-off resumes as surging oil prices stoke fears about inflation

Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing

The Guardian - UK · Sep 10

US bond yields climb to multi-year highs as oil surge revives bets on higher Fed rates

US Treasury yields hit multiyear highs as a sharp rise in oil prices revived inflation concerns and boosted bets on a Federal Reserve rate hike. The 10-year yield approached 5%, while rising government debt supply and fiscal worries added pressure to bonds ahead of crucial US inflation data.

The Economic Times · Sep 10