DTN Oil Update
Oil futures climbed about 2% on Tuesday, with the front-month ICE Brent futures contract rising above the $90 bbl for the first time in weeks.
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DTN Oil Update
Oil and product futures rose Tuesday morning on mounting supply disruptions and growing geopolitical risks amid several fresh attacks on tankers from the Strait of Hormuz to the Black Sea.
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DTN Oil Update
Oil futures were mixed Monday as investors assessed competing signals from the Middle East.
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DTN Oil Update
Oil and product futures were mixed in a volatile morning session Monday.
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DTN Oil Update
Crude futures posted on Friday their largest weekly advance since the end of February as U.S.-Iran tensions revisited this week the peaks of the Middle East conflict, now approaching its fifth month.
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DTN Oil Update
Oil futures rose more than 2% Friday morning amid intensifying reciprocal attacks between the U.S. and Iran and were on track for the largest weekly increase since April.
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DTN Oil Update
Oil futures were little changed on Thursday as market participants remained on the sidelines despite escalating hostilities between the United States and Iran, with traffic through the Strait of Hormuz continuing at a slow pace.
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What DTN Is Watching
Tuesday looks to be a quiet day with no major reports scheduled. Traders will keep an eye on Grain Belt weather as well as watch for updates regarding the wars in the Black Sea and Middle East.
WeatherA strong cold front is pushing south through the country Tuesday morning. Some showers are found along the front from Nebraska to Ohio, but as the front continues to sink south throughout the day, thunderstorms should grow from the Ohio Valley into the Mid-Atlantic. All modes of severe weather will be possible, including heavy rain, but wind gusts are the most likely form of damage Tuesday. Tropical Storm Bertha has been named overnight, which will remain close to the Gulf Coast, but with limited impact to land.
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