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The Latest Breaking News from Oil

Trump calls for ‘total and complete blockade’ of sanctioned oil tankers from Venezuela in escalation of tensions

The White House and Pentagon has placed hundreds of American troops and ships near Venezuela’s coastline

The Independent UK

Trump orders blockade of 'sanctioned oil tankers' into Venezuela, ramping up pressure on Maduro

President Donald Trump says he is ordering a blockade of all “sanctioned oil tankers” into Venezuela, ramping up pressure on the country’s authoritarian leader Nicolás Maduro

The Independent UK

Corn Weighted Down on Tuesday

Corn futures closed out the Tuesday session with most contracts 2 to 3 ¼ cents lower at the final bell. The CmdtyView national average Cash Corn price was down 3 1/4 cents to $3.92 3/4. There was some outside pressure, with losses in wheat adding spillover weakness and crude oil...

Barchart

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Cotton Falls Lower on Tuesday

Cotton futures fell on Tuesday, down 72 to 84 points across the front months at the close. Pressure came from the synthetic market, with crude oil futures are $1.65 lower per barrel at $55.17. The US dollar index was $0.038 higher to $97.995. Monday’s online auction from The Seam showed...

Barchart

Crude Prices Plunge on Demand Concerns Amid Mounting Oil Supplies

January WTI crude oil (CLF26 ) on Tuesday closed down -1.55 (-2.73%), and January RBOB gasoline (RBF26 ) closed down -0.0514 (-2.97%). Crude oil and gasoline prices sold off on Tuesday, falling to 4.75-year nearest-futures lows. Concerns about global energy demand and expectations for a worldwide oil glut are weighing...

Barchart

Slump in Crude Oil Weighs on Sugar Prices

March NY world sugar #11 (SBH26 ) on Tuesday closed down -0.13 (-0.87%), and March London ICE white sugar #5 (SWH26 ) closed down -3.40 (-0.80%). Sugar prices retreated on Tuesday due to a slump in crude oil prices. WTI crude (CLF26 ) sank to a 4.75-year low on Tuesday,...

Barchart

Cotton Falling at Tuesday’s Midday

Cotton futures are falling 65 to 72 points across the front months on Tuesday, with pressure coming from the synthetic market. Crude oil futures are $1.44 lower per barrel at $55.38, with the US dollar index $0.185 lower to $97.775. CFTC data indicated spec funds increasing their net short position...

Barchart

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Corn Falling at Midday

Corn futures are showing losses of 3 to 3 ¼ cents in the front months on Tuesday. The CmdtyView national average Cash Corn price is down 3 1/4 cents to $3.92 1/2. Pressure is coming from losses in wheat and crude oil dropping $1.42/barrel at midday. Another update to the...

Barchart

Leaked Documents Reveal Venezuela Funneled Oil Revenues Into Iran's Nuclear Program: Report

Leaked documents reviewed by Spain's ABC describe a long-running financial and logistical partnership in which Venezuela allegedly redirected billions of dollars in oil revenues and state funds to Iran, helping sustain Tehran's nuclear program

Latin Times

Sugar Prices Undercut by Weakness in Crude Oil

March NY world sugar #11 (SBH26 ) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26 ) is down -1.40 (-0.33%). Sugar prices are under pressure today from a slump in crude oil prices. WTI crude (CLF26 ) sank to a 4.75-year low today, which undercuts...

Barchart

FTSE 100 dips as BP and Shell fall amid oil slide

Figures from the ONS showed the unemployment rate rose to 5.1% in the three months to October, up from 5% in the three months to September.

Evening Standard

10 Cold Air Effects That Mechanics See Before Anyone Else

Winter mornings can feel like nature is testing your patience, and while most of us groan over icy windshields and frostbitten fingers, mechanics are secretly chuckling behind the scenes. They see the hidden dance of metal, fluids, and engines reacting to the cold long before anyone else notices. Cold air…

Clever Dude

Crude Prices Tumble on Global Oil Glut Fears and Peace Talks in Ukraine

January WTI crude oil (CLF26 ) today is down -1.63 (-2.87%), and January RBOB gasoline (RBF26 ) is down -0.0506 (-2.92%). Crude oil and gasoline prices are selling off today, falling to 4.75-year nearest-futures lows. Concerns about global energy demand and expectations for a worldwide oil glut are weighing on...

Barchart

Norway’s national oil company facing £53m penalty for oil spills and gas leaks

Equinor accused of ‘extensive and long-term pollution’ caused by years of inadequate maintenance

The Guardian - UK

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The Guardian - UK

UK fuel retailers urged to pass on savings as oil prices fall below $60 a barrel

Pump prices ‘stuck’ despite cost of oil falling amid prospect of peace in Ukraine, say experts

Latin Times

U.S. Could Move Into Venezuelan Waters To Seize More Tankers, Report Claims

U.S. forces could go into Venezuelan waters to seize more oil tankers, according to a new report.

Barchart

Cotton Slipping Back to Start Tuesday Trade

Cotton prices are down 10 to 13 points early on Tuesday. Futures were up 10 to 16 points in the front months at the Monday close. Crude oil futures were 79 cents lower per barrel at $56.65, with the US dollar index $0.093 lower to $98.300. CFTC data indicated spec...

Roll Call

Trump has not endorsed Venezuela regime change as Wiles stresses ‘blowing boats up’ - Roll Call

President Trump has not clearly called for regime change in Venezuela as Chief of Staff Susie Wiles says he's in an anti-war mood this term.

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news in one place.

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The Independent UK

9 best cleansing balms to remove make-up and nourish skin, tried and tested

Melt the day away, without stripping or drying out skin

Axios

"Quite a buffet": U.S. ready to seize more tankers with Venezuelan oil

Impounding more tankers would threaten to further impoverish Venezuela as Trump tries to force Maduro to leave office.

Barchart

How Is APA's Stock Performance Compared to Other Oil & Gas Stocks?

Energy major APA has notably outperformed other oil & gas exploration and production stocks over the past year, yet analysts remain cautious about the stock’s prospects.

Euronews

Festive fare: Europeans are having to dig deep to pay for this year's Christmas feast

Euronews took a quick sleigh ride around Europe to see what bills countries are facing to put on the traditional festive banquet.

The Independent UK

Italian-inspired Christmas recipes for when it’s too early for the big dinner

Not quite ready for a full Christmas dinner? This month’s festive-leaning Budget Bites brings Italian comfort food with seasonal flavour, using shared ingredients to keep costs down and washing up to a minimum

The Guardian - UK

Libya looks to its past to build a new future as national museum reopens

It is hoped the institution can help foster new bonds in a fractured nation, but such optimism will be a stretch for some

Reason

Should Libertarians Support Federal AI Regulation?

Plus: reclassifying marijuana as a Schedule III drug, mass shootings at Bondi Beach and Brown University, and the U.S. seizes a Venezuelan oil tanker

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