DTN Oil Update
Oil futures hit three-month highs Wednesday to settle up for a fifth straight day, before tumbling on developments related to Iran.
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DTN Oil Update
The rally in oil extended for a fifth straight session on Wednesday, driven by concerns about anti-government protests in Iran and potential U.S. responses that could impact supply from the fourth-largest OPEC producer.
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DTN Oil Update
Crude futures reached 10-week highs Tuesday as U.S. President Donald Trump urged Iranians to continue protesting the regime in Tehran, adding to market concerns about supply from OPEC's fourth-largest...
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DTN Oil Update
Crude futures jumped more than 2% Tuesday as U.S. President Donald Trump's threat to impose tariffs on any country that does business with Iran spooked a market already on the edge over civilian protests that...
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DTN Oil Update
Oil futures rallied for a fourth consecutive day Monday as supply risks in politically embattled Iran countered an anticipated resumption of crude exports from Venezuela after the U.S. military intervention there.
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DTN Oil Update
Crude oil futures edged lower Monday morning, and oil product futures rose, after a violent quelling of protests in Iran over the weekend eased perceived supply risks.
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What DTN Is Watching
Wednesday is another slim day for scheduled ag related reports, but USDA will release their Bioenergy Statistics update at 1 p.m. CST which offers an interesting look into recent biofuel production and subsequent crop demand from that sector. Otherwise, after a volatile session on Tuesday, equity and other outside markets will be tuned in to the World Economic Forum in Davos, Switzerland where President Trump is scheduled to speak on Wednesday amid heightened tensions between the U.S. and EU over Greenland.
WeatherA pair of clipper systems are moving through the northern tier of the country on Wednesday. Light snow stretches from the Northern Plains to the Great Lakes Wednesday morning while moisture coming up from the Gulf of America is producing some scattered rain in the Delta. Everything will shift eastward throughout the day. Some breezy winds will accompany the second clipper across the Northern Plains as well.
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