DTN Oil Update
Oil futures prices sank below the $80 bbl mark on Tuesday, hitting three-month lows as prospects for a United States-Iran agreement to end hostilities and the reopen the Strait of Hormuz would restore disrupted oil supplies.
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DTN Oil Update
Oil futures slid to the lowest in more than three months Tuesday morning, extending the decline from the previous trading session on growing signs that shut-in Middle Eastern oil flows may soon return.
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DTN Oil Update
Oil futures fell more than 4% on Monday to their lowest level in nearly two months, after the United States and Iran announced over the weekend that they had reached an initial agreement to end hostilities and reopen the Strait of Hormuz.
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DTN Oil Update
Oil futures slumped to their lowest since early March Monday morning after the U.S. and Iran announced they had agreed to an interim deal to end the war and reopen the Strait of Hormuz.
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DTN Oil Update
Crude oil prices posted a weekly loss of about 6% on Friday, falling to their lowest level in nearly three months as expectations of easing tensions in the Middle East grew after U.S. President Donald Trump canceled planned retaliatory airstrikes on Iran a day earlier.
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DTN Oil Update
Crude prices tumbled about 3% Friday to near two-month lows after U.S. President Donald Trump called off planned retaliatory airstrikes on Iran, easing tensions in a Middle East conflict that turned hostile in recent days after months of ceasefire.
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DTN Oil Update
Oil futures prices retreated Thursday, dropping by nearly 5% after U.S. President Donald Trump canceled scheduled strikes on Iran and suggested a deal is close.
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What DTN Is Watching
On Monday, USDA will release the weekly Export Inspections report at 10 a.m. CDT. At 2 p.m. CDT, USDA will release monthly commodity outlooks for oilseeds, wheat, and feed, with follow-up details from last week's WASDE. Finally, at 3 p.m. CDT USDA will release the weekly Crop Progress report, updating traders on conditions around the U.S.
WeatherA front from a weekend storm is stalling near the Gulf Coast, producing some areas of heavy rainfall early Monday. This will be a common occurrence throughout the week, especially with a tropical low-pressure center moving along the front later this week. In addition, a small disturbance will bring showers to the Northern Plains and Upper Midwest.
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