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Crude futures extended their losses Thursday, slipping for a fifth time in six sessions, as a U.S.-Iran deal to end hostilities and restore shipping through the Strait of Hormuz triggered a broad selloff in oil, pushing prices to their...
Crude prices hit their lowest levels on Thursday since the start of this year's Middle East conflict, after the U.S. and Iran signed a remote agreement to permanently end active military hostilities between them and reopen shipping to oil and gas tankers on the Strait of...
Crude futures rebounded Wednesday from three-month lows, spurred partly by another large drawdown in U.S. crude inventories, although signs of global supply returning from de-escalation in the Middle East conflict saw the market...
Crude futures rose from three-month lows on Wednesday morning as traders weighed the potential outcome of a U.S.-Iran peace deal on supply.
Oil futures prices sank below the $80 bbl mark on Tuesday, hitting three-month lows as prospects for a United States-Iran agreement to end hostilities and the reopen the Strait of Hormuz would restore disrupted oil supplies.
Oil futures slid to the lowest in more than three months Tuesday morning, extending the decline from the previous trading session on growing signs that shut-in Middle Eastern oil flows may soon return.
Oil futures fell more than 4% on Monday to their lowest level in nearly two months, after the United States and Iran announced over the weekend that they had reached an initial agreement to end hostilities and reopen the Strait of Hormuz.
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Thursday will be the final trading session for the week with grain markets closed on Friday, June 19, in observance of Juneteenth. For reports, USDA will release the weekly Export Sales report at 7:30 a.m. CDT. Later in the afternoon, USDA will release the June Cattle on Feed report at 2 p.m. CDT.
WeatherThe remnants of Tropical Storm Arthur have moved into the central Gulf Coast with a ball of heavy rain that will continue deeper into the Southeast on Thursday. A front from a system that went through the Midwest on Wednesday will sag into the South and Southeast, enhancing showers as well. Behind the system in some cooler air, areas of isolated showers will be possible from the Midwest back through the Canadian Prairies.
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