DTN Oil Update
Oil prices climbed a fourth straight day Wednesday after data showing emergency stocks of U.S. crude at near 44-year lows.
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DTN Oil Update
Oil prices climbed for a fourth day in early Wednesday morning trade as oil flows through the Strait of Hormuz continued to slow amid new attacks on tankers and rising tensions between Iran and the United Arab Emirates.
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DTN Oil Update
Oil futures prices climbed for a third consecutive trading session Tuesday marking a three-week high amid a global supply crunch fueled by disruptions to vessel traffic through the Strait of Hormuz, ongoing conflict in the Middle East and the resulting closure of the...
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DTN Oil Update
Oil prices rose for a third consecutive trading day Tuesday morning, holding at their highest in nearly three weeks on dimming peace prospects and mounting supply disruptions.
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DTN Oil Update
Crude and oil product futures rallied Monday after Iran warned it was adopting a new offensive stance over the Strait of Hormuz, threatening an escalation of hostilities in the region unless its demands were met by the United States.
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DTN Oil Update
Oil prices edged higher in a choppy Monday morning session amid heightened uncertainty over the future of the U.S.-Iran war, while fresh bearish economic data from China capped gains.
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DTN Oil Update
Crude oil futures rebounded Friday as fresh tanker attacks in the Strait of Hormuz and intensifying rhetoric between Washington and Tehran reignited geopolitical supply fears.
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What DTN Is Watching
On Wednesday, the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT. Otherwise, there are no other major reports scheduled, with traders likely to maintain their focus on U.S. crop growing conditions and geopolitics.
WeatherA front is pushing south through the Central Plains and east through the Midwest on Wednesday. This front will be sparking scattered showers and thunderstorms throughout the day, leading to some pockets of heavy rain and severe weather.
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