DTN Oil Update
Crude and product futures slid Friday but still ended with large advances for the week as the chance for a swift conclusion to the Middle East conflict appeared dim amid the largest oil supply disruption in history.
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DTN Oil Update
Oil and product futures edged lower Friday morning on reports of imminent U.S.-Iran peace talks after a four-day uptrend that left energy prices on track for large weekly rises amid dimming prospects for a quick end to the Middle East conflict that has caused the...
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DTN Oil Update
Oil futures rose a fourth consecutive session on Thursday on mounting tensions in the Middle East as Israel and Iran announced readiness to resume their near two-month war.
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DTN Oil Update
Oil and product futures were little changed in a volatile morning session Thursday.
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DTN Oil Update
Oil and product futures were mixed Tuesday morning as market participants awaited word on the U.S. and Iran continuing negotiations before a ceasefire that will expire Wednesday.
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DTN Oil Update
Oil markets rose in choppy morning trading Wednesday on tit-fort-tat vessel seizures on the Strait of Hormuz by Iran and the U.S., after an abandonment of peace talks took the Middle East conflict into a new phase of uncertainty.
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DTN Oil Update
Brent crude returned to near $100 barrel (bbl) Tuesday as U.S. President Donald Trump said he will not extend the ceasefire on Iran while Pakistan urged Tehran to send its negotiators to Islamabad to salvage the fragile peace...
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What DTN Is Watching
Reports for Friday include USDA's Food Price Outlook at 10 a.m. CDT. In the afternoon, USDA will also release their monthly Cold Storage and Poultry Slaughter reports, as well as their annual Dairy Products report, all at 2 p.m. CDT. Finally, at 2:30 p.m. CDT, CFTC will release their weekly Commitments of Traders report, updating positions as of Tuesday, April 21.
WeatherA storm system has moved up into the Canadian Prairies where pockets of moderate to heavy snow will be falling throughout the day. Some of that snow will get into Montana as well. The cold front to the system will push through the Midwest with scattered showers and thunderstorms, but will be more widespread along the southern end of the front. Storms Friday morning are still holding together and are forecast to remain so as they move through the Delta throughout the day. Some heavy rain and severe weather will be possible with these storms.
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