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The Latest Breaking News from crude oil

Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?

Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concerns about oil supply persist. The Strait of Hormuz remains a critical point. Disruptions could impact global markets. Developing economies may face significant challenges. The situation remains dynamic.

The Economic Times

Cotton Falls on Thursday

Cotton futures closed the Thursday session with contracts down 198 to 362 points across the board. The US dollar index was $0.151 higher at $99.165. Crude oil was down $0.26 on the day to $98.00. USDA’s Export Sales report from Thursday morning showed 131,792 RB of cotton sold for 2025/26...

Barchart

Stocks Rebound as Crude Oil Falls on Hopes for a US-Iran Deal

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.20%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

Barchart

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Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz boosted safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

Crude Oil Prices Tumble on Hopes for Iran Peace Progress

July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline prices erased an early rally on Thursday and settled sharply lower, with gasoline falling to a 2-week low. Crude prices tumbled on hopes that...

Barchart

How High Can Gasoline Rise During the 2026 Driving Season?

Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities in the Middle East have turbocharged gasoline’s seasonal rally, lifting prices to the highest level since the 2022 driving season, when the war in Ukraine raised…

Barchart

India-UAE energy agreement: This Emirati strategy has power

India and the UAE have signed a significant energy agreement. This deal allows the UAE to store crude oil in India's reserves. It also explores new storage facilities and potential crude oil storage in Fujairah. This arrangement enhances energy security for India and reduces concentration risk for the UAE.

The Economic Times

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Cotton Falling at Thursday’s Midday

Cotton futures are trading with contracts down 300 to 366 points on the Thursday session. The US dollar index was $0.306 higher at $99.320. Crude oil is up $1.75 on the day to $100.08. USDA’s Export Sales report from Thursday morning showed 131,792 RB of cotton sold for 2025/26 in...

Barchart

Rising Crude Oil Prices Support Ethanol and Sugar Prices

July NY world sugar #11 (SBN26 ) today is up +0.14 (+0.95%), and Aug London ICE white sugar #5 (SWQ26 ) is up +3.00 (+0.68%). Sugar prices are moving higher today as strength in crude oil prices spurred short covering in sugar futures. Crude oil (CLN26 ) jumped by more...

Barchart

Crude Oil Prices Jump on Doubts the Strait of Hormuz Will Reopen

July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving sharply higher today as the standoff between the US and Iran is fueling concerns that a prolonged closure of the Strait of...

Barchart

Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

Stocks Fall on Doubts Over a US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.49%. June E-mini S&P futures (ESM26 ) are down -0.40%, and June E-mini Nasdaq futures...

Barchart

Current price of oil as of May 21, 2026

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

Fortune

Market wrap: Sensex slips 1% from intraday high, Nifty closes near 23,650 as bond yields rise

Indian stock markets closed lower on Thursday. The Sensex and Nifty slipped from intraday highs due to expiry day volatility. Rising bond yields and foreign institutional investor selling also impacted trading. Despite some intraday recovery, markets ended in negative territory. Geopolitical issues and crude oil prices are key factors to…

The Economic Times

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The Economic Times

Fuel imports keep India's economy under pressure despite gold duty curbs: Kotak Securities official

India's economy is under pressure from high crude oil prices due to global crises. Experts warn that government actions may not fully resolve the issue. The country imports most of its crude oil, impacting its import bill and current account deficit. Rising dollar payments are also weakening the Indian rupee.

The Economic Times

Crude market caught between diplomacy and disruption: Peter McGuire

Global crude oil markets experienced sharp volatility as traders reacted to shifting signals regarding potential Iran ceasefire negotiations. While initial optimism emerged from President Trump's statements, the absence of a formal response from Iran and Israel maintained market caution. Analysts suggest traders are anticipating a swift resolution, but uncertainty persists,…

The Economic Times

China kept building its crude stockpile in April despite Iran crisis

China is accumulating crude oil reserves even as imports decrease. This contrasts with global trends of depleting oil stocks. The nation's refinery processing has also slowed. Analysts suggest China could sustain this inventory build for years. Future import levels and fuel export decisions will determine if China begins drawing down…

The Economic Times

Global Market Today: Asian stocks rise on Iran optimism, Nvidia slips

Asian equities surged, mirroring Wall Street's gains as optimism surrounding US-Iran talks eased Middle East tensions. Crude oil and bond yields declined, while South Korean stocks and Samsung Electronics saw significant increases. Despite a general market rebound, Nvidia's shares experienced a slight dip following its sales forecast.

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Barchart

Corn Falls Back on Wednesday

Corn futures saw midweek pressure on Wednesday, with contracts down 2 ½ to 9 ½ cents at the close. The CmdtyView national average Cash Corn price was down 9 1/2 cents to $4.26 1/2. Crude oil losses of $5.07 is adding pressure as US and Iran negotiations are reportedly in...

Barchart

Cotton Closes Mostly Lower on Wednesday

Cotton futures posted losses of 6 to 73 points across most 2026 and 2027 contracts, with some deferred contracts up 13 to 29 points. The US dollar index was $0.304 higher at $99.570. Crude oil losses of $5.07 is adding pressure as US and Iran negotiations are reportedly in the...

Barchart

Stocks Finish Sharply Higher on Iran Hopes

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +1.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.66%. June E-mini S&P futures (ESM26 ) rose +0.96%, and June E-mini Nasdaq futures...

Barchart

Dollar Retreats on Iran Optimism

The dollar index (DXY00 ) fell from a 6-week high on Wednesday and finished down by -0.24%. The dollar gave up an early advance on Wednesday and moved lower after comments from President Trump that the US was in the “final stages” with Iran, which knocked crude oil prices down...

Barchart

Crude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen

July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in...

Barchart

Sugar Prices Erase Early Gains as Crude Oil Prices Plunge

July NY world sugar #11 (SBN26 ) on Wednesday closed down -0.28 (-1.87%), and Aug London ICE white sugar #5 (SWQ26 ) closed unchanged. Sugar prices gave up an early advance today and settled mostly lower. Sugar prices came under pressure after crude oil prices (CLN26 ) plunged by more...

Barchart

Corn Facing Crude Oil Pressure on Wednesday

Corn futures are trading with 10 to 11 cent losses in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 10 3/4 cents to $4.24 1/4. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final stages....

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