DTN Oil Update
Oil and product futures fell Tuesday morning on U.S. attempts to clear the Strait of Hormuz blocked by Iran as ramped up hostilities kept the key waterway for energy markets at the front and center of the Middle East conflict.
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DTN Oil Update
Energy markets rallied anew Monday, driving crude futures up 6%, after an Iranian drone attack on a petroleum complex in the United Arab Emirates stoked new fires in the Middle East conflict.
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DTN Oil Update
Oil and product futures jumped Monday morning on reports that Iran fired warning shots at a U.S. warship trying to pass through the Strait of Hormuz.
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DTN Oil Update
Oil prices fell Friday as expectation that the United States and Iran will head to the negotiation table again to resolve the Middle East conflict cooled a market that had rallied big on the week.
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DTN Oil Update
Oil and product futures softened Thursday morning, retreating from the highs reached earlier in the session on reports the U.S. is considering new strikes on Iran.
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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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