The Latest Breaking News from Oil

From turning down thermostats to make savings to installing reflectors to push warmth back into your home

Explosions heard as Russia targets western Ukrainian cities of Lviv and Ternopil

Cotton futures closed the Tuesday session with contracts bouncing from new lows overnight and settling up 21 to 33 points. Crude oil futures were back up 76 cents per barrel to $60.67 on the day, with the US dollar index $0.028 lower to $99.460. Crop Progress data from NASS estimates...

Although I’ve been out of the shop for several years now, I’ve noticed the cost of repairs slowly climbing. And I know plenty of other drivers have too. If your last oil change or brake job made you do a double-take, you’re not imagining things. Car service costs have jumped…

December WTI crude oil (CLZ25 ) on Tuesday closed up +0.83 (+1.39%), and December RBOB gasoline (RBZ25 ) closed up +0.0092 (+0.46%). Crude oil prices recovered from early losses on Tuesday and moved higher after hawkish rhetoric by the European Union's top diplomat raised expectations that sanctions on Russian energy...

Cotton futures are trading with 30 to 50 point gains across most contracts on Tuesday. Crude oil futures are back up cents per barrel to $60.32 on the day, with the US dollar index $0.057 higher to $99.545. Crop Progress data from NASS estimates the US cotton crop at 71%...

Soybeans are showing fractional gains at midday on Tuesday, after overnight gains faded to early session losses this morning. The cmdtyView national average Cash Bean price is 1 1/4 cents higher at $10.85 3/4. Soymeal futures are back down $4.10 at midday, with Soy Oil futures 115 to 116 points...

The check-engine light has a way of turning an ordinary commute into a slow simmer of worry. Drivers sometimes hope it will switch off on its own, especially if the car still feels normal. But that tiny warning can signal problems that grow quietly until they become expensive. Ford engines…

December WTI crude oil (CLZ25 ) today is down -0.04 (-0.07%), and December RBOB gasoline (RBZ25 ) closed down -0.0246 (-1.24%). Crude oil prices are under pressure today as a selloff in the S&P 500 to a 1-month low has sparked risk-off sentiment in asset markets. Also, signs of weakness...

US oil firm blames UK government policy and supply costs for closure of site near Cowdenbeath

As the EU finalises plans to wean itself off Russian energy, the European Parliament is opposing any exemptions or loopholes for countries especially reliant on gas imports from the east.