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.
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.
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 producer.
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 could disrupt the flow of oil from one of the Middle East's...
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.
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.
Oil futures settled higher Friday with their biggest weekly advance in three months as market participants covered short positions amid fresh buying in crude fueled by geopolitical risks.
Oil futures rose for a second consecutive day on Friday morning, supported by geopolitical risks which propelled key crude benchmarks 3% higher in the previous session.
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On Wednesday morning at 7:30 a.m. CST, the Bureau of Labor Statistics will release the delayed Producer Price Index report for November 2025. At 9:30 a.m. CST, the Energy Information Administration will release their weekly Petroleum Status report including last week's average ethanol production. Finally, in the afternoon at 2 p.m. CST, the USDA ERS will release their monthly commodity outlooks for grains and oilseeds.
WeatherA system in the Great Lakes is bringing down some colder air from Canada, leading to areas of showers for the eastern half of the country that includes lake-effect snow in the Great Lakes. For some areas, Wednesday's high temperatures occurred at midnight and will be falling throughout the day.
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