DTN Oil Update
Oil prices sink as U.S.-Iran tensions ease, supply surplus looms.
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DTN Oil Update
Oil prices continued to slide Monday morning after U.S. President Donald Trump on the weekend said he was "highly unlikely" to order new attacks on Iran .
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DTN Oil Update
Crude futures settled up about 3% or more on Thursday, recovering nearly a quarter of Wednesday's loss, as Middle East supplies appeared vulnerable despite potential changes to the trajectory of the Iran war from this week's U.S. midterm elections.
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DTN Oil Update
Crude futures rebounded Thursday after falling its most in seven months in the prior session as energy traders responded to the likelihood of oil supplies remaining vulnerable despite potential changes to the trajectory of the Iran war from this...
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What DTN Is Watching
On Friday, USDA will start the morning with their delayed Export Sales report at 7:30 a.m. CST, with data for the week ending November 5. In the afternoon at 1 p.m. CST, USDA's Economic Research Service will release their monthly commodity outlooks for feed, oil crops, and wheat. As a reminder, the usual Friday afternoon CFTC update is delayed until Monday due to this week's Federal Veterans Day holiday on Wednesday.
WeatherA colder air mass is moving into the eastern half of the country on Friday. That is inducing lake-effect showers as a mix of rain and snow and will lead to frosts for southern areas this weekend. Meanwhile, systems are moving into the West which will make for a busier weather pattern for next week.
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