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The Latest Breaking News from crude oil

Crude Oil Surges as Strait of Hormuz Remains Closed

April WTI crude oil (CLJ26 ) on Thursday closed up +8.48 (+9.72%), and April RBOB gasoline (RBJ26 ) closed up +0.1763 (+6.32%). Energy prices settled sharply higher on Thursday due to comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz...

Barchart

Nat-Gas Prices Gain on Carry-Over Support from Crude Oil's Surge

April Nymex natural gas (NGJ26 ) on Thursday closed up +0.024 (+0.75%). Nat-gas prices on Thursday rallied in sympathy with crude oil and European gas prices amid the Iran war, which is dragging on. Iran's Supreme Leader Ayatollah Mojtaba Khamenei said on Thursday that Iran's leverage of closing the Strait...

Barchart

Sugar Prices Settle Higher as Crude Oil Soars

May NY world sugar #11 (SBK26 ) on Thursday closed up +0.13 (+0.91%), and May London ICE white sugar #5 (SWK26 ) closed up +0.70 (+0.17%). Sugar prices settled higher on Thursday but remained below Monday's 2-month highs. Thursday's +7% surge in crude oil prices (CLK26 ) was supportive for...

Barchart

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Cotton Holding Gains at Midday

Cotton futures are 10 to 20 points higher so far on the Thursday session. Crude oil is rallying $7.77 at midday to 95.01, with the US dollar index up $0.400 to 99.625. Export Sales data showed 253,177 RB of cotton sold in the week ending on March 5, back from...

Barchart

Corn Holding Higher on Thursday

Corn futures are trading with 3 to 4 cent gains at midday, as March is up 5 ¾ ahead of Friday’s expiration. The CmdtyView national averageCash Corn price is up 3 1/4 cents to $4.20 ¾. Crude oil is up another $7.90 on Thursday. Export Sales data from this morning...

Barchart

Commodity Market Update: Crude Oil, Grains, Geopolitics, and Your Bottom Line

In an interview on AgWeb's Markets Now, Darin Newsom explains that current volatility across the commodity complex is being driven primarily by algorithmic trading reacting to geopolitical headlines and widespread fears of inflation, rather than traditional supply and demand fundamentals.

Barchart

Surging Crude Oil Pushes Sugar Prices Higher

May NY world sugar #11 (SBK26 ) today is up +0.10 (+0.70%), and May London ICE white sugar #5 (SWK26 ) is up +0.50 (+0.12%). Sugar prices are moving higher today but remain below Mondays' 2-month highs. Today's +8% surge in crude oil prices (CLJ26 ) is supporting sugar. Higher...

Barchart

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Crude Oil Surges as Iran War Drags On

April WTI crude oil (CLJ26 ) today is up +8.84 (+10.13%), and April RBOB gasoline (RBJ26 ) is up +0.1341 (+4.81%). Energy prices are sharply higher today on comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz should be used...

Barchart

Stocks Retreat Amid Rising Crude Prices and Credit Worries

The S&P 500 Index ($SPX ) (SPY ) today is down -1.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.46%. March E-mini S&P futures (ESH26 ) are down -1.20%, and March E-mini Nasdaq futures...

Barchart

Oil price escalation could help China grasp more green global leadership

With crude oil prices incredibly volatile as the war in Iran continues, some countries are already warning they may run out of oil.

The Conversation

Stocks Fall as Oil Prices Continue to Climb

The S&P 500 Index ($SPX ) (SPY ) today is down -0.88%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.03%. March E-mini S&P futures (ESH26 ) are down -0.97%, and March E-mini Nasdaq futures...

Barchart

Current price of oil as of March 12, 2026

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

Fortune

Why Petrol Prices Haven’t Risen Despite $100 Oil

Fuel prices influence nearly every part of daily life. From daily commuting to the cost of groceries and transportation, even a small change at the petrol pump can affect the entire economy. Recently, global oil markets witnessed a dramatic shift as crude oil prices surged close to $100 per barrel,…

MyLifeXP

Brent crude oil briefly tops $100 a barrel as Iran attacks on shipping worsen supply concerns

The price of a barrel of Brent crude oil, the international standard, has topped $100 a barrel again, jolting markets just days after it spiked near $120

The Independent UK

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The Independent UK

The Latest: Key oil price spikes over $100 as Iranian attacks hit shipping

The price of Brent crude oil, the international standard, spiked back over $100 as Iranian strikes hit ships in the regions waters and the ongoing American-Israeli war with Iran showed so signs of slowing

The Guardian - AU

Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up supplies

Barchart

Cotton Closes Lower on Wednesday

Cotton futures were 5 to 13 points in the red on Wednesday. Crude oil was back up another $5.44 on Wednesday, adding some premium pack in as the Iran situation continues to unfold despite the International Energy Agency agreeing to release 400 million barrels of ethanol reserves. The US dollar...

Barchart

Corn Rallies Back on Wednesday

Corn futures closed with 8 to 9 cent gains in the front months on Wednesday The CmdtyView national average Cash Corn price was up 8 cents to $4.17 ¾. Crude oil was back up another $5.44 on Wednesday, adding some premium pack in as the Iran situation continues to unfold...

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Axios

Trump will tap oil reserve as Iran war drives up gas prices

The Iran war drove the price for crude oil to more than $100 a barrel.

The Mary Sue

IEA’s ‘unprecedented’ oil release was supposed to fix everything, yet the market had a chilling response

The International Energy Agency (IEA) announced this week that its member countries unanimously agreed to release a massive 400 million barrels of oil from their strategic reserves, an unprecedented move aimed at stabilizing soaring prices, but the market’s response was, frankly, a bit chilling. Despite this huge injection of potential…

Barchart

Nat-Gas Prices Rally as Iran War Drags On

April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.189 (+6.26%). Nat-gas prices on Wednesday rallied in sympathy with crude oil prices and European gas prices as the Iran war drags on. Missiles hit three vessels on Wednesday in the Strait of Hormuz and the Persian Gulf, and new...

Barchart

Crude Prices Rally Despite IEA Stockpile Release

April WTI crude oil (CLJ26 ) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26 ) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to...

Barchart

Cotton Slipping Lower on Wednesday

Cotton futures are 5 to 11 points in the red at midday. Crude oil is back up another $3.03 on Wednesday, adding some premium pack in as the Iran situation continues to unfold despite the International Energy Agency agreeing to release 400 million barrels of ethanol reserves. The US dollar...

Barchart

Corn Rallying on Wednesday

Corn futures are up 6 to 8 cents in the front months, with March up 10 ¼ cents. There were 553 deliveries against March corn overnight. The CmdtyView national average Cash Corn price is up 7 1/4 cents to $4.19. Crude oil is back up another $3.03 on Wednesday, adding...

Barchart

Dollar Mildly Higher as T-note Yield Rises

The dollar index (DXY00 ) is up +0.17% on support from today's +4.7 bp rise in the 10-year T-note yield, which supported the dollar's interest rate differentials. Also, today's +4% rally in WTI crude oil prices is hawkish for Fed policy and supportive of the dollar. Today's US CPI report...

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