The Latest Breaking News from Oil

Oil shaped the last century, but rare earths may shape the next. As economies electrify and AI expands, control over critical materials is becoming a new source of global power.

An Australian oil and gas giant has posted stronger production and revenues despite weaker commodity prices, as two long-awaited projects ramp up.

A long-haul Ilyushin IL-96-300 operated by Cuba's state airline has made repeated, largely opaque flights between Havana and Caracas in recent days, fueling indications that the Cuban government is quietly repatriating personnel deployed in Venezuela following the U.S. operation that led to the capture of authoritarian President Nicolás Maduro.

Cotton futures gave into weakness on Wednesday, with contracts 2 to 7 points lower as some 2026 crop contracts were up 4 to 9 points. Crude oil futures were up 31 cents per barrel at $60.67. The US dollar index is up $0.146 to $98.585. The Tuesday online auction from...