The Latest Breaking News from Oil

March NY world sugar #11 (SBH26 ) on Thursday closed down -0.06 (-0.40%), and March London ICE white sugar #5 (SWH26 ) closed down -1.90 (-0.45%). Sugar prices gave up early gains on Thursday and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled to a 7-week...

Six more oil supertankers added to sanctions list, as well as members of Maduro’s extended family, amid rising tensions following tanker seizure

British politician Jeremy Corbyn agreed with Venezuela's claim that the seizure of an oil tanker off its coast by U.S. forces constituted an "act of piracy" and it is "wholly illegal within international law."

“We’ve just seized a tanker on the coast of Venezuela – a large tanker, very large, the largest one ever seized actually,” said Donald Trump on December 10. In a dramatic operation, US forces had just taken over an oil tanker called Skipper, which was sanctioned by the US in…

March NY world sugar #11 (SBH26 ) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26 ) is down -0.80 (-0.19%). Sugar prices gave up early gains today and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled more than -2% today to...

January WTI crude oil (CLF26 ) today is down -1.27 (-2.17%), and January RBOB gasoline (RBF26 ) is down -0.0342 (-1.92%). Crude oil and gasoline prices are sharply lower today, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut...

Unease grows in Washington, including among some Republicans, over Trump administration’s escalating military posture in the Caribbean

Russian President Vladimir Putin held a call with Venezuela's authoritarian President Nicolas Maduro, where he reiterated Moscow's support for Caracas.

Venezuela accused the United States of committing an act of "international piracy" after U.S. forces seized an oil tanker near the country's coastline.