DTN Oil Update
Oil and product futures slid Friday as energy futures markets responded to the latest import tariffs by the Trump administration that could crimp global trade.
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DTN Oil Update
Oil and product futures retreated from recent highs Friday morning as the reimposition of U.S. tariffs fanned demand woes, but were still on track for sizable weekly increases.
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DTN Oil Update
Oil futures climbed for a fifth-straight day Thursday as fears of global tighter supplies intensified after Houthi forces reportedly attacked two Saudi Arabian oil tankers in the Red Sea, days after the group a blockade of Saudi ports.
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DTN Oil Update
Oil and product futures rose for a fifth consecutive trading day Thursday morning on reports that two Saudi Arabian oil tankers have been struck in the Red Sea by Houthi forces who earlier this week announced a blockade of Saudi ports.
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DTN Oil Update
Crude futures settled near six-week highs Wednesday after U.S. President Donald Trump threatened to bomb civilian infrastructure in Iran if Tehran continued to target commercial shipping in the Strait of Hormuz.
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DTN Oil Update
Oil and product futures extended their rise Wednesday morning to near six-week highs as the escalating U.S.-Iran war looked to threaten new oil supply routes in the Middle East.
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DTN Oil Update
Oil futures climbed about 2% on Tuesday, with the front-month ICE Brent futures contract rising above the $90 bbl for the first time in weeks.
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What DTN Is Watching
On Friday, USDA will release two significant cattle related reports in the afternoon: the July Cattle on Feed and biannual Cattle Inventory reports, both at 2 p.m. CDT. Shortly after, CFTC will release the weekly Commitments of Traders report at 2:30 p.m. CDT, which will close the week by updating trader positions as of Tuesday, July 21.
WeatherBatches of scattered showers are found across the center of the country early Friday, which will continue throughout the day. A chance for some heavier rain still exists around the Carolinas while a weak system will move through the eastern Canadian Prairies and Red River Valley where the chances for severe weather will be the greatest.
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