DTN Oil Update
Crude oil futures tumbled 6% Monday morning as talks between Iranian negotiators and Qatari mediators sparked hopes for a diplomatic deal to halt the U.S.-Israeli military campaign against Iran, easing immediate risk...
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DTN Oil Update
Crude futures settled up for a fourth consecutive week Friday, finishing October up 15%, amid heightened maritime attacks in the Strait of Hormuz as the world braced for a major military re-escalation in the U.S.-Iran conflict.
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DTN Oil Update
Oil prices rose Friday morning after a tanker was struck in the Strait of Hormuz and market participants weighed the growing likelihood of a reescalation in the U.S.-Iran war following next week's U.S. elections.
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DTN Oil Update
Oil prices edged lower Thursday, remaining above the key $100 bbl level, as traders awaited the outcome of diplomatic overtures between Washington and Tehran while acknowledging the addition of European fuel reserves to the market.
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DTN Oil Update
Oil prices eased Thursday morning as traders assessed the latest diplomatic push for a temporary peace deal between the U.S. and Iran.
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What DTN Is Watching
On Friday, the Bureau of Labor Statistics will release the monthly Employment report for October at 7:30 a.m. CST. There are no agricultural reports due out during the session, but after the close, CFTC will release the weekly Commitments of Traders report at 2:30 p.m. CST, updating positions as of Tuesday, Nov. 3.
WeatherA low-pressure system continues to spin around the Great Lakes with isolated showers, but the system's cold front will be bringing showers to the East Coast for one more day. Some cooler air is drifting in behind the system, which will give some Southern Corn Belt areas their first frosts and freezes this weekend.
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