DTN Oil Update
Crude futures moved nearly 2% higher Tuesday morning as renewed military exchanges between Washington and Tehran stoked supply disruption fears.
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DTN Oil Update
Crude oil futures climbed roughly more than 3% on Monday after U.S. forces carried out strikes on an Iranian island facility in the Strait of Hormuz on Sunday, marking the first direct military exchange between Washington and Tehran in over a month...
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DTN Oil Update
Crude futures surged 3% Monday morning after U.S. forces struck an Iranian island in the Strait of Hormuz, marking the first exchange of fire between Washington and Tehran in over a month following the end of a ceasefire.
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DTN Oil Update
Oil futures edged lower Friday, with crude benchmarks losing more than 4% on the week amid recovering tanker traffic in the Middle East. Diplomatic progress in the Persian Gulf also eroded the market's geopolitical...
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DTN Oil Update
Oil prices were mixed Friday morning, with crude benchmarks eyeing weekly declines in the 4% to 5% range, reflecting a shrinking geopolitical risk premium tied to the U.S-Iran war and rising oil flows from the Middle East.
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DTN Oil Update
Oil futures rose Thursday after a four-day slide as traders assessed signs that the six-month Iran war may be easing supply risks with more vessels transiting the Strait of Hormuz, despite Washington's efforts to...
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DTN Oil Update
Oil prices steadied following a four-day selloff Thursday morning as traders weighed easing supply risks in the Middle East against reported Russian plans of an escalation in the war against Ukraine and accumulating...
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What DTN Is Watching
On Friday, the U.S. Bureau of Labor Statistics will release the August Employment report at 7:30 a.m. CDT. It is otherwise a quiet day for reports, with CFTC releasing the weekly Commitments of Traders report after the close at 2:30 p.m. CDT. As a reminder, markets are closed on Monday, September 7, for the Labor Day holiday.
WeatherA stalled front has been a focal point for showers and thunderstorms across the north all week long and continues to be on Friday as well. The strongest and most widespread showers are likely across the eastern Midwest into the Mid-Atlantic, but may develop anywhere from the Dakotas and Nebraska eastward. Another system in the Pacific Northwest will produce showers there into the Canadian Prairies Friday as well.
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