DTN Oil Update
Crude futures retreated to mid-$90 bbl levels Wednesday and product prices tumbled too, driven by a two-week ceasefire announced over the Iran war.
World & Policy
Headlines
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DTN Oil Update
Crude futures were mixed on Tuesday on reports a senior U.N. envoy was traveling to Tehran to pursue peace talks ahead of a U.S. deadline for Iran reopen the Strait of Hormuz or face the destruction of key infrastructure.
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DTN Oil Update
Oil futures rose on Monday, recovering from early declines, after the U.S. reiterated its warning that Iran's power plants and bridges will be destroyed by Tuesday, April 7, if it did not reopen the Strait of Hormuz it has blockaded.
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DTN Oil Update
Oil and product futures dipped Monday on expectations of a potential truce over Iran despite U.S. President Donald Trump's warning that there will be unrestrained attacks on the country's energy infrastructure if it did not reopen the...
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DTN Oil Update
Oil futures prices resumed their rally Thursday after a two-day reprieve, with WTI trading at a premium to Brent for the first time in four years, as the U.S. and Iran threatened further escalation in the five-week long Middle East...
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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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What DTN Is Watching
The EIA will release their weekly Petroleum Status report Wednesday morning at 9:30 a.m. CDT, including last week's average ethanol production. It will otherwise be an uneventful day for reports, with markets likely to remain tuned into weather forecasts and geopolitical updates.
WeatherA system is moving along the Canadian border on Wednesday, bringing some moderate snow to the Canadian Prairies and scattered showers across the North-Central U.S. Some breezy winds are circling around the system as well. Though some isolated showers may develop over Texas, the rest of the country is likely to be dry with increasing temperatures.
Highs: 20s/40s Canadian Prairies; 30s/50s Northern Plains; 50s/60s Pacific Northwest; 50s/70s Midwest; 60s/70s Central Plains, Southeast; 70s/80s Southern Plains, Delta.
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