DTN Oil Update
Oil and product futures edged higher Tuesday, Feb. 3, morning, after dropping more than 4% in the previous session as a portion of the geopolitical risk premium tied to U.S.-Iran tensions faded after both sides announced talks.
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DTN Oil Update
Crude oil futures fell 5% Monday while natural gas futures plunged 26% amid de-risking by investors in energy markets on reports that Iran was in talks with the U.S. to avoid war over its nuclear program.
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DTN Oil Update
Oil and product futures plunged around 5% Monday, Feb. 2, morning after U.S. President Donald Trump and Iranian officials announced talks between Washington and Tehran.
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DTN Oil Update
Crude futures dipped Friday, Jan. 30, but posted their highest monthly hike in 2-1/2 years, supported by concerns over near-term oil supply, after the United States took over the Venezuelan oil industry and threatened military action against Iran.
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DTN Oil Update
Crude oil futures steadied Friday morning on cooling U.S.-Iran tensions but remained well on track for their sixth consecutive weekly increase, and the largest in three months.
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DTN Oil Update
Crude futures jumped more than 3% Thursday, Jan. 29, hitting five-month highs, as Iran announced military exercises in the Persian Gulf that added to tensions already running high from threats of U.S. military strikes against the Islamic republic.
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DTN Oil Update
Crude futures settled near four-month highs Wednesday, Jan. 28, propelled by a U.S. weak dollar and geopolitical tensions amplified by concerns over a potential U.S. military strike on Iran.
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What DTN Is Watching
There are no major USDA or macroeconomic reports scheduled for Tuesday. Ag markets will continue to be in tune to weather happenings around the globe, as well as taking clues from outside markets with Monday's risk-off energy trade a source of pressure to row crop futures to begin the week. Meanwhile, the House of Representatives is set to vote on the Senate approved funding bill to end the partial government shutdown.
WeatherA storm system will move across the South on Tuesday. Scattered rain showers are likely for the Lower Mississippi and Tennessee Valleys, while some light snow will develop across the Ohio Valley. Some other spotty showers will move through the Plains as well, but many areas will stay dry Tuesday.
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