DTN Oil Update
Oil futures rallied toward the close of trade Monday, reversing early losses, as the U.S. warned commercial vessels to stay away from Iranian waters to minimize risk of detention.
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DTN Oil Update
Oil futures ended broadly higher Friday, Feb. 6, reversing the previous day's tumble on continued volatility over risks related to Iran.
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DTN Oil Update
Crude to oil product futures were down Friday morning, Feb. 6, heading for their first weekly drop in seven weeks, as the start of U.S.-Iran talks pared supply risks across energy markets.
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DTN Oil Update
Crude and refined product futures fell nearly 3% on Thursday.
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DTN Oil Update
Crude oil product futures tumbled about 3% in morning trade Thursday.
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DTN Oil Update
Crude futures rose on Tuesday, Feb. 3, after the U.S. military shot down an Iranian drone in the Persian Gulf, reigniting tensions in the Middle East.
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DTN Oil Update
Oil and product futures were little changed in volatile trading Wednesday morning as energy markets continued to adjust to January's outsized rally on geopolitics and inclement weather.
What DTN Is Watching
For Monday, USDA will release their routine Export Inspections report at 10 a.m. CST. There are no other major USDA or economic reports scheduled but traders will be tuned in for demand-related news, specifically for daily export sales announcements from USDA at 8 a.m. CST.
WeatherA weak system is moving through southern Canada on Monday morning, stretching a front back across the Northern Plains through Montana. Showers will be limited outside of Montana Monday, which may see some moderate snowfall. Despite the snow, temperatures are rising just about everywhere in the country for Monday.
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