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The Latest Breaking News from Oil

Cotton Back to Mixed Action on Wednesday

Cotton futures are up 36 points in the October contracts on Wednesday, with other cotnracts down 7 to 10 points. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower. Following threats of increased tariffs if India doesn’t stop purchasing Russian oil,...

Barchart

Trump cranks up India tariffs to 50% in an attempt to pressure Russia

Brazil and India now face the world’s steepest blanket tariff at 50%, with India targeted for Russian oil purchases undermining US sanctions.

Euronews

The Latest: Putin hosts Trump envoy Witkoff for crucial talks on Ukraine peace deal

Russian President Vladimir Putin is hosting U.S. President Donald Trump’s special envoy Steve Witkoff for talks, days before the White House’s deadline for Russia to reach a peace deal with Ukraine or potentially face severe economic penalties that could also hit countries buying its oil

The Independent UK

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Trump Hikes India Levy Over Russian Oil As Tariff Deadline Approaches

US President Donald Trump on Wednesday ordered steeper tariffs on Indian goods over New Delhi's continued purchase of Russian oil, opening a new front in his trade wars just hours before another wave of duties takes effect.

International Business Times

Tariff Turmoil Weighs on Coffee Prices

September arabica coffee (KCU25 ) today is down -5.30 (-1.77%), and September ICE robusta coffee (RMU25 ) is down -13 (-0.38%). Coffee prices are under pressure today due to tariff concerns, as President Trump has yet to exempt coffee from his 50% tariff on Brazilian exports. This could hurt sales...

Barchart

Crude Prices Rally on Dollar Weakness and Global Supply Uncertainty

September WTI crude oil (CLU25 ) today is up +0.66 (+1.01%), and September RBOB gasoline (RBU25 ) is up +0.0353 (+1.69%). Crude oil and gasoline prices are moving higher today after the dollar index (DXY00) fell to a 1-week low. Crude also rose on the lack of progress in ending...

Barchart

Trump threatens 50% tariffs on India over ties to Russia and Brics bloc

White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’

The Guardian - US

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Trump Doubles Tariffs On India To 50% Over Russian Oil Trade

President Donald Trump has taken a major swing at India's trade relationship with the U.S., slapping an additional 25% tariff on Indian imports in response to New Delhi's continued purchases of Russian oil—effectively doubling the total tariff burden on Indian goods to 50%.

Benzinga

World awaits Trump’s next move as Russia ceasefire deadline approaches

US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine war

The Guardian - UK

6 Store Brands That Failed Third-Party Quality Tests

We trust store brands to offer a quality comparable to national brands at a lower price. While that is often true, it is not always a guarantee. Independent, third-party organizations like Consumer Reports and other consumer testing labs frequently put private-label products to the test, and the results can be…

Grocery Coupon Guide

Cotton Extending Move Higher on Wednesday Morning

Cotton price action is up 4 to 26 points so far on Wednesday. Futures posted gains of 44 to 103 points across the front months on the Tuesday session. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower. Cotton exports excluding...

Barchart

Soybeans Getting an Early Wednesday Recovery

Soybeans are seeing a bounce so far on Wednesday morning, with contracts up 1 to 3 cents. Futures reverted from the midsession gains on Tuesday, as contracts closed with losses of 3 to 4 cents. CME reported preliminary open interest up 4,577 contracts on Tuesday. The cmdtyView national average Cash...

Barchart

Trump’s envoy Witkoff will bring back only humiliation from his meeting with Putin

COMMENT: Steve Witkoff – the president’s international diplomatic Mr Fixit – has failed to bring peace to the Middle East or deliver on Trump’s boast that he would end the war in Ukraine in 24 hours, writes world affairs editor Sam Kiley

The Independent UK

Trump Tells India: Stop Buying Russian Oil or Face 25% Tariffs

Donald Trump has told India to end its purchases of Russian oil or face tariffs of 25% or more, accusing New Delhi of fuelling Moscow's war in Ukraine and threatening a major trade clash.

International Business Times UK

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International Business Times UK

Can Trump's Russia Tariffs Rattle the Global Economy? Secondary Tariffs Threaten Huge Effects

Trump's secondary tariffs on Russia's oil buyers like China, India could disrupt global markets, spike oil to $120, and fuel inflation.

Al Jazeera

Russia eyes Ukraine’s ‘fortress belt’ after fall of Chasiv Yar

Ukraine’s woes mount with a deadly assault on Kyiv, capture of an eastern city and difficult battle in the north.

Benzinga

Trump Sends Envoy Steve Witkoff To Moscow As Friday Deadline For Russia Sanctions Nears

U.S. envoy Steve Witkoff arrived in Moscow on Wednesday for urgent talks with the Russian leadership, two days before President Donald Trump‘s Friday deadline for Russia to agree to peace or face severe new sanctions targeting global oil trade.

The Independent UK

Explained: How much Russian oil does India buy?

New Delhi vows to continue buying Russian crude despite Donald Trump’s threat to hike tariffs

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Benzinga

Nikki Haley Rips Trump Tariff On 'Strong Ally' India Over Russian Oil Purchase While 'Adversary' China Gets 90-Day Tariff Pause

Former Republican presidential contender Nikki Haley criticized President Donald Trump‘s tariff approach on Tuesday, questioning why India faces penalties over Russian oil purchases while China received a 90-day tariff pause.

Marie Claire

Shay Mitchell on Her 58-Step Skincare Routine, ‘Pretty Little Liars’ and Prioritising Hair Health on Set

The actor makes a case for beauty maximalism

Al Jazeera

US-India relations hit new low despite Trump-Modi bromance: What’s next?

India won’t give up on Russia or its strategic autonomy, experts say, even as areas of friction with the US grow.

Barchart

Cotton Pops Higher on Tuesday

Cotton futures posted gains of 44 to 103 points across the front months on the Tuesday session. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower. Cotton exports excluding linters during June totaled 1.008 million bales, a 22.03% improvement from last...

Barchart

Soybeans End Tuesday with Pressure

Soybeans reverted from the midsession gains on Tuesday, as contracts closed with losses of 3 to 4 cents. The cmdtyView national average Cash Bean price was down 4 cents at $9.33 ¼. Soymeal futures were mixed, within 30 cents of unchanged. Soy Oil futures are down 57 to 74 points...

Barchart

Crude Prices Slide on a Possible Russian Air Truce with Ukraine

September WTI crude oil (CLU25 ) on Tuesday closed down -1.13 (-1.70%), and September RBOB gasoline (RBU25 ) closed down -0.0107 (-0.51%). Crude oil and gasoline prices settled lower on Tuesday, with crude posting a 1-week low. Concerns about weakening energy demand weighed on crude prices after the US Jul...

Barchart

Can Sugar Break Out from Its Bearish Trend?

World sugar futures are a soft commodity. While cocoa, Arabica coffee, and frozen concentrated orange juice futures reached record highs in 2024 and 2025, the world sugar contract remains significantly below its record peak price. Sugar is a crucial food ingredient and is also required for ethanol production in Brazil,…

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