DTN Oil Update
Oil futures climbed on Friday amid the uncertainty surrounding a peace deal between the United States and Iran after the U.S. forces reinstated strikes on tankers blocking the Strait of Hormuz.
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DTN Oil Update
Crude oil futures steadied Friday morning after renewed fighting between U.S. and Iranian forces halted a three-day decline fueled by prospects of an imminent peace deal and a gradual easing of the supply disruption.
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DTN Oil Update
Crude oil futures settled higher on Thursday, reversing an early sell-off driven by expectations of a U.S.-Iran peace deal and a potential reopening of the Strait of Hormuz.
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DTN Oil Update
Crude oil futures slipped Thursday morning, extending Wednesday's sell-off triggered by signs the U.S. and Iran are closing in on a peace deal which would reopen the Strait of Hormuz.
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DTN Oil Update
Energy markets tumbled for a second consecutive session Wednesday, driving U.S. crude futures briefly below $90 bbl, amid reports that the U.S. was ready to end its war with Iran and lift the blockade on Iranian ports as well.
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DTN Oil Update
Crude oil futures plummeted by as much as 12% Wednesday morning, hitting to two-week lows on signs of an imminent diplomatic resolution to the U.S.-Israel and Iran war, which has been disrupting a fifth of global oil supply for more than two months.
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DTN Oil Update
Energy markets fell Tuesday on relative calm in the Middle East after an exchange of fire a day ago between U.S. and Iranian forces in the Strait of Hormuz, as well as a drone strike that left a UAE petroleum complex in flames.
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What DTN Is Watching
To begin the week, USDA will release weekly Export Inspections at 10 a.m. CDT Monday morning. After the close, USDA will release their Crop Progress report at 3 p.m. CDT, updating traders on corn and soybean planting progress as well as winter wheat condition across the U.S.
WeatherTemperatures rose over the weekend, but the warmth isn't lasting long as another strong cold front will be moving across the north on Monday. Along with scattered showers, the front is bringing down another round of cold air from Canada.
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