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The Latest Breaking News from crude oil

E85 vs Petrol: How much does it cost, why is it cheaper, and who can use it?

India has launched E85 ethanol-blended fuel in Delhi, priced significantly lower than standard petrol. This move aims to reduce crude oil dependence and promote cleaner mobility. While fuel efficiency may decrease, the cost savings and planned expansion of dispensing stations are expected to drive adoption of flex-fuel technology.

The Economic Times

Current price of oil as of June 5, 2026

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

Fortune

Cotton Facing Early Friday Weakness

Cotton price action is down 35 to 55 points. Futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday...

Barchart

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RBI Inflation FY2026-27: The inflation battle is back as RBI raises FY27 forecast to 5.1% amid West Asia war

RBI Inflation 2026-27 Forecast: The Reserve Bank of India has raised its inflation forecast for fiscal year 2026-27. This revision reflects rising food prices and ongoing global uncertainties. The central bank has paused its repo rate decision. Higher crude oil prices and supply chain issues are complicating the inflation outlook.…

The Economic Times

RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook

RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central…

The Economic Times

RBI MPC Meeting 2026 Date and Time: When will Governor Sanjay Malhotra announce policy decision? Here's how to watch live streaming

RBI MPC Meeting June 2026: All eyes are on the Reserve Bank of India today as Governor Sanjay Malhotra announces the Monetary Policy Committee's decision. This crucial announcement will reveal the central bank's stance on interest rates and inflation. Investors are keenly awaiting signals on economic growth and stability amidst…

The Economic Times

Oil Price Today (June 5): Crude oil holds ground as Iran peace deal uncertainty lingers. Where are prices headed?

Oil prices held steady on Friday following significant Thursday losses. Hopes for a quick resolution to the U.S.-Israeli conflict with Iran diminished after Hezbollah rejected a new ceasefire proposal. Despite this, both Brent and WTI crude benchmarks are on track for their first weekly gain in three weeks.

The Economic Times

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Cotton Falls on Thursday, with Modest Outside Pressure

Cotton futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for...

Barchart

Corn Collapse Continues on Thursday

Corn futures continued their death spiral liquidation from the last few weeks, with contracts down another 5 to 8 1/4 cents at the close. The CmdtyView national average Cash Corn price was 7 cents at $3.90. Crude oil losses of $3.11 added some pressure. USDA reported a private export sale...

Barchart

Stocks Rebound on Strength in Banks and Managed Healthcare

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...

Barchart

Dollar Weakens as Crude Oil Prices Tumble

The dollar index (DXY00 ) on Thursday fell by -0.10%. The announcement of a ceasefire between Israel and Lebanon knocked WTI crude oil prices down by more than -3% on Thursday and lowered inflation expectations, which might persuade the Fed to ease monetary policy, a negative factor for the dollar....

Barchart

Crude Prices Retreat on Hopes US-Iran Peace Deal is Near

July WTI crude oil (CLN26 ) on Thursday closed down -2.98 (-3.10%), and July RBOB gasoline (RBN26 ) closed down -0.0933 (-2.98%). Crude oil prices settled sharply lower on Thursday amid hopes that the announced ceasefire between Israel and Lebanon could lead to a US-Iran peace plan that allows the...

Barchart

Cotton Facing Midday Weakness

Cotton futures are trading with contracts 185 to 199 point losses on Thursday. The US dollar index is down $0.160 at $99.345. Crude Oil is back down $3.73 lower to $92.29. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for 2025/26 in the week of...

Barchart

Today’s Slump in Crude Oil Weighs on Sugar Prices

July NY world sugar #11 (SBN26 ) today is down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.50 (+0.11%). Sugar prices recovered from early losses today and are mixed after dollar weakness spurred some short-covering in sugar futures. Sugar prices are under pressure today...

Barchart

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France 24

Strait of Hormuz oil crisis: An opportunity for Syria?

In the show this week, we look at how Syria could benefit from the oil crisis triggered by tensions in the Strait of Hormuz. After Iran effectively closed the strategic waterway, Syria's Mediterranean port of Baniyas found itself emerging as a hub for crude oil transported overland from the UAE…

Barchart

Lebanon-Israel Ceasefire Knocks Crude Oil Prices Lower

July WTI crude oil (CLN26 ) today is down -3.25 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.1117 (-3.57%). Crude oil prices are falling sharply today amid hopes that the announced ceasefire between Israel and Lebanon could lead to a US-Iran peace plan that allows the reopening of...

Barchart

Dollar Retreats with Weakness in Crude Oil

The dollar index (DXY00 ) today is down by -0.26%. The announcement of a ceasefire between Israel and Lebanon knocked WTI crude oil prices down more than -3% today and lowered inflation expectations, which might persuade the Fed to ease monetary policy, a negative factor for the dollar. Also, today's...

Fortune

Current price of oil as of June 4, 2026

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

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

Cotton Slipping Lower on Thursday Morning

Cotton prices are down 30 to 60 points in early Thursday trade. 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...

The Economic Times

Hero MotoCorp shares rise 3% as firm unveils India's first 100cc flex-fuel motorcycles. Check details

Hero MotoCorp shares gained 3%, after launching India's first flex-fuel motorcycles, the Splendor+ and HF Deluxe, supporting sustainable mobility and India's transition to cleaner fuels. These 100cc bikes are compatible with E20 to E85 ethanol blends, aiming to reduce carbon footprint and crude oil imports. The company plans a phased…

The Economic Times

Maruti unveils India's first flex-fuel car: What is a flex fuel vehicle? How does it work? Will it cut your fuel bill? Here's all

Maruti Suzuki has introduced India's first flex-fuel passenger car. This technology allows vehicles to run on petrol or petrol-ethanol blends. It is seen as a significant step towards reducing crude oil imports. The move also aims to lower carbon emissions and enhance India's energy security. This innovation could unlock substantial…

The Economic Times

Maruti Suzuki launches India's first flex-fuel car, bets on biofuels to boost energy security

Maruti Suzuki has launched India's first flex-fuel passenger car, the Wagon R. This move aims to significantly cut crude oil imports and lower carbon emissions. The technology supports farmers and rural communities, linking agriculture with clean mobility. This initiative is a key step towards India's energy security and self-reliance. The…

The Economic Times

Silver gains, gold nears Rs 1.6 lakh as Israel-Lebanon ceasefire fuel Middle East resolution hopes. Key levels to watch today

Gold and silver prices opened higher on Thursday, supported by a weaker U.S. dollar and easing crude oil. Investors are also monitoring optimism around a potential resolution to the U.S.-Israeli conflict with Iran. MCX silver futures for July 2026 rose Rs 753, while gold futures for August 2026 gained Rs…

The Economic Times

Petrol, Diesel Price Today: Has India seen another hike on June 4? Check fuel rates in Delhi, Mumbai, Gurgaon, Chennai and other cities

Petrol, Diesel Price Today: Fuel prices held steady across India on June 4, offering consumers a brief respite. However, rising global crude oil prices, nearing $95 per barrel, are fueling speculation about potential hikes. Such an increase could significantly impact household budgets, transportation costs, and overall inflation, making future fuel…

The Economic Times

Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

Oil prices dipped as a ceasefire between Israel and Lebanon sparked hopes for broader diplomatic progress, potentially easing U.S.-Iran tensions. The U.S. House also passed a resolution limiting President Trump's military action against Tehran. Despite these developments, analysts warn that disruptions in the Strait of Hormuz could significantly impact global…

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