DTN Oil Update
Crude and oil product futures rallied Monday after Iran warned it was adopting a new offensive stance over the Strait of Hormuz, threatening an escalation of hostilities in the region unless its demands were met by the United States.
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DTN Oil Update
Oil prices edged higher in a choppy Monday morning session amid heightened uncertainty over the future of the U.S.-Iran war, while fresh bearish economic data from China capped gains.
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DTN Oil Update
Crude oil futures rebounded Friday as fresh tanker attacks in the Strait of Hormuz and intensifying rhetoric between Washington and Tehran reignited geopolitical supply fears.
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DTN Oil Update
Crude and product futures remained in the red Thursday as demand downgrades from global energy agencies clashed with persistent physical supply blockades along the Strait of Hormuz.
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DTN Oil Update
The rally in oil stalled Wednesday after a four-day as weekly U.S. crude stockpiles at above three-year highs offset some of the concerns over stranded global energy shipments on the Strait of Hormuz.
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DTN Oil Update
Crude futures rebounded from their early weakness on Tuesday to rally for a fourth straight session as escalating rhetoric between the U.S. and Iran offset hopes for a resolution to the Strait of Hormuz standoff.
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DTN Oil Update
Crude futures dipped Tuesday morning following media reports that negotiations over the Strait of Hormuz between Iran and Oman have reached an advanced stage.
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What DTN Is Watching
To begin the week, USDA will release their regular Monday reports starting with Export Inspections at 10 a.m. CDT, followed by the weekly Crop Progress update in the afternoon at 3 p.m. CDT.
WeatherAn old front that has been very active since last week continues in the southern end of the Corn Belt Monday morning as areas of scattered showers and thunderstorms are ongoing. This front will slide southward fairly slowly Monday as showers continue. Another front is moving through the Canadian Prairies with isolated showers there. This front will slip south into the Northern Plains and Upper Midwest where scattered showers and thunderstorms will form later Monday.
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