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World & Policy

Headlines

  • DTN Oil Update

    Oil prices rallied for a fifth consecutive session Thursday, hitting multi-year highs as WTI and Brent futures, traded at $80 bbl and $85 bbl, respectively, while ULSD traded to three-year highs and gasoline to near two-year peaks, as the war in Iran dragged on with no end...

  • DTN Oil Update

    Diesel prices soared to more than three-year highs Thursday morning on the back of a rally in European gasoil futures as more refiners in Asia were forced to scale back operations and cancel product exports as the Iran war hit crude deliveries from the Middle East.

  • DTN Oil Update

    Oil prices held steady Wednesday after a two-day rally amid signs that the Middle East's petroleum trade could remain suspended longer than thought as Iran struck at its neighbors to drag them into its war with the U.S. and Israel.

  • DTN Oil Update

    Crude futures eased on Wednesday morning for the first time since the outbreak of the Iran war at the weekend as the U.S. reinforced its pledge to provide a safe passage to oil tankers Tehran had ordered off the critically important...

  • DTN Oil Update

    Oil and product futures continued to climb Tuesday morning as millions of barrels per day of Middle Eastern crude oil and refined product supply remained cut off from export markets, deepening supply risks from an escalating U.S.-Iran war.

  • DTN Oil Update

    Oil and product futures hit multi-month highs Monday as an escalating U.S.-Israel military campaign against Iran and Tehran's retaliatory strikes fueled fears of a wider Middle East contagion that could paralyze the Strait of Hormuz oil transit.

  • DTN Oil Update

    Crude prices hit seven-month highs Friday on the increasing prospect of U.S. military action against Iran, after U.S. President Donald Trump said force may be necessary to get OPEC's fourth-largest producer to abandon its nuclear...

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What DTN Is Watching

USDA will lead things off on Thursday with the weekly Export Sales report at 7:30 a.m. CST. At the same time, Statistics Canada will release their Principal Field Crop Area estimates ahead of the spring planting season.

Weather

A disturbance continues to produce areas of heavy rain in the Ohio Valley on Thursday, but flooding has also been a problem in this area this week. Reductions in drought are occurring, though. Another system in the West will move into the Plains later Thursday and produce areas of showers and thunderstorms. Some of the thunderstorms could be severe across the Central and Southern Plains with all hazards being possible.

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