The Latest Breaking News from Oil

February WTI crude oil (CLG26 ) today is up +1.82 (+3.069%), and February RBOB gasoline (RBG26 ) is up +0.0421 (+2.35%). Crude oil and gasoline prices are sharply higher today, with crude climbing to a 2.25-month high and gasoline climbing to a 5-week high. Crude prices are rallying today after...

Vladimir Motin was charged after his container ship, Solong, collided with US oil tanker the Stena Immaculate

It’s unclear exactly what 2026 holds for energy stocks following a U.S. strike on Venezuela, but traders should look to the charts for clues.

The tanker departed an eastern Venezuela port shortly after the Jan. 3 military operation in Caracas without authorization from port authorities or Petróleos de Venezuela, the state oil company, which said it was never paid for the half-million barrels of crude onboard.

Despite public support in the U.S. for deposing Venezuelan leader Nicolás Maduro, President Donald Trump is unlikely to find that level of support for fighting an actual war in that country.

Cotton price action is up 14 to 18 points on Tuesday morning. Futures close with gains of 50 to 55 points across the front months on Monday, as USDA data was friendlier to the market. Crude oil futures were back up 72 cents per barrel at $59.84. The US dollar...

China said on Monday that Latin American countries are sovereign states with the right to choose their own international partners, responding to recent comments by U.S. President Donald Trump suggesting that Beijing and Moscow could buy Venezuelan oil only under U.S. oversight.

British special forces prepare to storm Putin's shadow fleet tankers, escalating global shipping tensions and sanctions enforcement at sea.

Trump interrupted a meeting with US oil executives Friday to gaze out the window at his new White House ballroom