DTN Oil Update
Oil and product prices rallied Thursday morning after U.S. President Donald Trump said strikes on Iran will intensify over the next two to three weeks and the U.S. is not responsible for reopening the Strait of Hormuz.
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DTN Oil Update
Energy prices fell broadly Wednesday, although crude stayed above $100 barrel (bbl) as market participants awaited U.S. President Donald Trump's announcement on when the Iran war will end.
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DTN Oil Update
Crude oil and products futures slipped Wednesday morning after U.S. President Donald Trump told reporters U.S. military operations against Iran could cease in the next two to three weeks and a negotiated deal with Tehran wasn't a...
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DTN Oil Update
Brent crude futures posted record high advances for March and the first quarter on Tuesday, while NYMEX West Texas Intermediate had its largest rise since the 2020 pandemic, as the Middle East conflict shaped the outcome of energy...
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DTN Oil Update
Crude oil futures settled above $100 bbl Monday as U.S. President Donald Trump's threats of troop reinforcement and destruction of energy plants in Iran offset efforts by Pakistani mediators to de-escalate the Middle East...
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DTN Oil Update
Oil prices edged higher Monday after U.S. President Donald Trump threatened to "blow up and completely obliterate" Iran's energy infrastructure if a deal is not reached soon to end the Middle East conflict.
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DTN Oil Update
Oil prices extended their run higher Friday on dimming prospects of a ceasefire in the month-long U.S.-Israeli war on Iran.
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What DTN Is Watching
USDA will release their Weekly Grain Export Sales report Thursday morning at 7:30 a.m. CDT. At the same time, the U.S. Census Bureau will release U.S. trade balance details for February. Of course, traders will also be following the conflict in the Middle East for new developments.
WeatherA storm system in the Plains continues to move northeast through the Midwest on Thursday. Widespread showers and thunderstorms will continue to develop with the system. Some areas of heavy rain and severe weather will be possible. Cold temperatures across the north are causing some snow and freezing rain to accumulate as well. A second storm system is moving through the Pacific Northwest and will continue to push eastward into the Canadian Prairies and Northern Plains with additional showers and some areas of heavier snow as well.
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