DTN Oil Update
Crude and oil product futures held steady on Friday morning while eyeing a second straight weekly loss on trade expectations for a peace deal for the Middle East and its key energy waterway, the Strait of Hormuz.
World & Policy
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DTN Oil Update
Crude and refined product futures rose 3% or more Thursday on media reports that U.S. and Israeli commercial ships will likely be blocked from using the Strait of Hormuz under an emerging Iran-Oman plan for control of the...
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DTN Oil Update
Crude and refined product futures were up 1% or more Thursday on reports that Iran had threatened to strike Gulf states hard unless they could convince the U.S. to end its war on Tehran.
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DTN Oil Update
Crude and refined product futures were little changed Wednesday after a two-day plunge, as a surprise weekly build in U.S. crude stocks offset positive impact from new security threats in the Middle East.
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DTN Oil Update
Crude and refined product futures steadied Wednesday morning, rebounding from a two-day slide that erased more than 10% across energy markets, as new security threats offset diplomatic efforts for the Middle East.
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DTN Oil Update
Energy markets extended their losses Tuesday on growing outreach by the Trump administration and international negotiators to ending the U.S. war with Iran.
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DTN Oil Update
Crude futures extended losses on Tuesday morning as market participants digested headlines suggesting slow but steady progress toward diplomacy in the Middle East.
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What DTN Is Watching
On the first business day of August, USDA will have full schedule of reports due for release. First, at 10 a.m. CDT is the weekly Export Inspections report. Then in the afternoon at 2 p.m. CDT, the monthly Oilseed and Grain Crushing reports will be released with data from June. Finally, USDA will wrap up the day with the weekly Crop Progress report at 3 p.m. CDT, including development and condition info for U.S. crops.
WeatherAs a cold front sweeps through the Northern Plains and enters the Western Midwest Monday, scattered showers and a few strong to severe storms will accompany the front. Some of the strongest storms will target the eastern Dakotas, western and northern Minnesota, and central Nebraska later Monday afternoon into Monday night. Temperatures are also expected to cool off behind this front going into Tuesday.
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