DTN Oil Update
Oil prices rose for a third consecutive day Wednesday as rising tensions in U.S.-Israeli relations and fresh hostilities in the Middle East delayed an end to the Iran war and reopening of the Strait of Hormuz to energy shipments.
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DTN Oil Update
Crude and product futures rose for a third straight session Wednesday morning on concerns that intensifying Middle East hostilities were stalling an imminent end to the Iran war and reopening of the Strait of Hormuz, which is crucial to...
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Feenstra Defeated in Iowa Primary
In a surprise on Tuesday night, Rep. Randy Feenstra lost the Iowa Republican gubernatorial primary to first-time candidate Zach Lahn, a businessman and farmer. Feenstra had the backing of President Donald Trump, but Feenstra also...
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DTN Oil Update
Crude and refined product futures extended their rally for a second consecutive session Tuesday afternoon, reversing morning declines, as initial optimism over a Middle East ceasefire gave way to persistent supply anxieties.
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DTN Oil Update
Oil and product futures edged lower Tuesday morning after Lebanon announced a partial ceasefire between Israel and Hezbollah and U.S. President Trump claimed negotiations with Iran were ongoing and a reopening of the Strait of Hormuz...
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DTN Oil Update
Crude and product futures extended their rally Monday as geopolitical tensions flared following comments from U.S. President Donald Trump that the naval blockade on Iranian oil will remain, while Tehran threatened to reseal the Strait of...
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DTN Oil Update
Oil and product futures rose Monday morning after U.S. and Iranian forces exchanged fire and Israel pushed deeper into Lebanon, complicating negotiations to end the war which has caused the largest oil supply disruption in history.
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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, including last week's ethanol production. There are no other major reports scheduled. Traders will as always watch U.S. weather as well as the situation in the Middle East as fighting has again escalated through this week.
WeatherA system that has been spinning around the Northern Plains and Canadian Prairies is finally starting to push eastward on Wednesday, but will continue scattered showers and thunderstorms in the region throughout the day. Showers extend down through the Plains as well, producing some much-needed rainfall in some very dry areas of the country.
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