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The Latest Breaking News from crude oil

Cotton futures posted weakness in the front months of 3 to 31 points, with deferred contracts steady to 26 points higher on Wednesday. The US dollar index was up $0.301 at $99.785. Crude Oil was another $2.44 higher to $96.20. The Seam reported sales on 137 bales on Tuesday at...

Barchart

Dollar Rallies on Strength in Crude and the US Economy

The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the...

Barchart

Fresh Clashes Between the US and Iran Boost Crude Oil Prices

July WTI crude oil (CLN26 ) on Wednesday closed up +2.26 (+2.41%), and July RBOB gasoline (RBN26 ) closed down -0.0127 (-0.40%). Crude oil prices rallied to a 1.5-week high on Wednesday and settled sharply higher as clashes between the US and Iran cast doubt on prospects for a peace...

Barchart

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Cotton Facing Weakness on Wednesday

Cotton futures are trading with 45 to 73 point losses across most contracts on Wednesday. The US dollar index is up $0.296 at $99.480. Crude Oil is another $1.96 higher to $95.72 The Seam reported sales on 137 bales on Tuesday at an average of 69.80 cents/lb. The Cotlook A...

Barchart

85% ethanol-ready bikes are here: Hero launches new Splendor+ and HF Deluxe; Check prices, specifications and features

Hero MotoCorp introduces India's first mass-market flex-fuel motorcycles. The Splendor+ Flex Fuel and HF Deluxe Flex Fuel can run on petrol blended with up to 85% ethanol. This launch supports India's clean mobility goals and reduces dependence on imported crude oil. These bikes will be available from July 2026, marking…

The Economic Times

Crude Oil Prices Gain on Middle East Peace Doubts

July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher today, posting a 1.5-week high as clashes between the US and Iran cast doubt on prospects for a peace deal that would...

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Strength in US Economic Reports Boosts the Dollar

The dollar index (DXY00 ) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar. Gains in...

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Stocks Pressured as Middle East Flare-Ups Boost Crude Oil

The S&P 500 Index ($SPX ) (SPY ) today is down -0.57%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.60%. June E-mini S&P futures (ESM26 ) are down -0.50%, and June E-mini Nasdaq futures...

Barchart

Current price of oil as of June 3, 2026

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

Fortune

Cotton Slipping Back on Wednesday Morning

Cotton price action is down 55 to 81 points so far on Wednesday. Futures posted gains of 38 to 73 points in most contracts on Tuesday. The US dollar index was up $0.023 at $99.170. Crude Oil was $1.23 higher to $93.39 The weekly NASS Crop Progress report showed 66%...

Barchart

Rupee falls 31 paise to close at 95.67 against US dollar

The rupee depreciated by 31 paise to 95.67 against the US dollar on Wednesday, influenced by proposed US additional duties on Indian imports due to labor violations. Strong dollar demand, rising crude oil prices, geopolitical tensions, and foreign capital outflows further weakened investor sentiment.

The Economic Times

RBI MPC Meeting June 2026: Check date, time, expectations and where to watch Governor Sanjay Malhotra's speech live

RBI MPC Meeting June 2026: The Reserve Bank of India's Monetary Policy Committee begins a crucial three-day meeting, with a policy announcement expected on June 5. Markets are closely watching for signals on interest rates amid rising crude oil prices and rupee pressure, though inflation remains contained. Economists largely anticipate…

The Economic Times

Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levels

In May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have not yet reached the robust numbers seen in February. Natural gas supplies saw a notable upswing, going past pre-war levels.

The Economic Times

Silver down Rs 700/kg, gold opens flat as Mideast tensions, rising oil prices dent sentiment. What should you do?

Gold and silver prices opened lower on the MCX on Wednesday as escalating Middle East tensions pushed crude oil prices higher, raising concerns that persistent inflation could delay interest rate cuts. In the previous session, both precious metals had ended with modest gains, with silver rising 0.13%.

The Economic Times

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The Economic Times

Petrol, Diesel Price Today (June 3): Check fuel rates in Delhi, Kolkata, Mumbai, Chennai, Gurgaon and other cities

Petrol, Diesel Price Today: Fuel prices across India remained stable on June 3, with no significant changes reported in major metro cities for petrol and diesel. Despite global crude oil fluctuations, oil marketing companies maintained current retail rates, offering commuters temporary relief. CNG prices also saw no hikes, contributing to…

The Economic Times

Oil Price Today (June 3): Crude oil nears $100 again as Iran launches attack in fresh escalation. What are experts saying?

Middle East tensions escalated as Iran launched missiles, prompting U.S. strikes and rattling oil markets. Brent and WTI crude prices saw a notable increase. Diplomatic efforts between Tehran and Washington remain stalled, with mixed signals on negotiations. The strategic Strait of Hormuz remains a key focus for traders amid ongoing…

The Economic Times

Gold eases on stronger oil as fresh Mideast hostilities erupt

Gold prices dipped on Wednesday as escalating Middle East tensions fueled crude oil gains, intensifying inflation and interest rate hike concerns. Renewed Gulf hostilities and stalled diplomacy between Washington and Tehran contributed to the market's unease. Investors now await key U.S. employment data to assess the Federal Reserve's next monetary…

Barchart

Cotton Bulls Fight Back on Tuesday

Cotton futures posted gains of 38 to 73 points in most contracts on Tuesday. The US dollar index was up $0.023 at $99.170. Crude Oil was $1.23 higher to $93.39 The weekly NASS Crop Progress report showed 66% of the US cotton crop planted as of 5/31, 1% below normal....

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Barchart

Crude Oil Prices Rally on US-Iran Peace Uncertainty

July WTI crude oil (CLN26 ) on Tuesday closed up +1.60 (+1.74%), and July RBOB gasoline (RBN26 ) closed up +0.0596 (+1.83%). Crude oil prices settled sharply higher on Tuesday amid uncertainty over when the US and Iran will agree to a peace deal reopening the Strait of Hormuz. Crude...

Barchart

Why is Gold Stuck in Neutral?

Gold’s price dropped by over $1,500 per ounce from the late January record high to the March low. In April and May, gold prices have consolidated in an under $470 range. At near $4,500 per ounce, gold is stuck in neutral in early June 2026.

Barchart

Cotton Extending Bounce on Tuesday

Cotton futures are up 55 to 70 points in most contracts at midday. The US dollar index is up $0.058 at $99.205. Crude Oil is up $1.13 higher to $93.02. The weekly NASS Crop Progress report showed 66% of the US cotton crop planted as of 5/31, 1% below normal....

Barchart

Oil Prices Slide on Improved US-Iran Peace Prospects

July WTI crude oil (CLN26 ) today is down -0.29 (-0.31%), and July RBOB gasoline (RBN26 ) is up +0.0390 (+1.26%). Crude oil prices are under pressure today on improved prospects for a peace deal between the US and Iran. President Trump said negotiations with Iran are continuing "at a...

Barchart

Cotton Extending Rebound on Tuesday Morning

Cotton prices are up 60 to 93 points so far on Tuesday morning. Futures were up 36 to 62 points in most contracts on Monday. The US dollar index was $0.288 lower at $98.140. Crude Oil as up $5.26 at the close. The weekly NASS Crop Progress report showed 66%...

Fortune

Current price of oil as of June 2, 2026

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

The Economic Times

Why Asia's oil lifeline can't survive on US crude alone

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to the closure of the Strait of Hormuz. This situation is creating supply challenges for refineries. Experts believe prices for refined fuels may rise. Less developed countries in Asia…

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