Ukrainian President Volodymyr Zelensky says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues.

Soybean oil rallied on the Trump administration’s proposal allowing oil refiners to blend more biofuels into gasoline and diesel next year.

Analysts are making credible arguments that oil could slump into the $40s—or soar to $120. Even for a commodity with a volatile history like oil, that price range is remarkable. Late on Wednesday, Brent crude,

India's palm oil imports jumped to a six-month high in May, driven by low inventories and the tropical oil's price discount to rival soyoil and sunflower oil, which prompted refiners to boost purchases,

Oil surged as the US government ordered a partial evacuation of its embassy in Iraq amid rising security risks.