DTN Oil Update
Oil futures dropped Friday morning after U.S. President Trump said the decision on direct military involvement in the Israel-Iran war will be made over the next two weeks, easing concerns over an immediate U.S. strike.
Oil futures dropped Friday morning after U.S. President Trump said the decision on direct military involvement in the Israel-Iran war will be made over the next two weeks, easing concerns over an immediate U.S. strike.
Oil futures steadied Wednesday morning after jumping more than 4% in the previous trading session as the Israel-Iran war shows no signs of cooling and U.S.
Oil futures rose Tuesday morning as reciprocal strikes between Iran and Israel continued, with Iranian oil exports having nearly grinded to a halt.
Oil futures softened Monday morning, erasing gains made Friday in reaction to large-scale Israeli attacks on Iran.
Oil futures surged more than 14% to a 4.5-month high Friday morning after Israel carried out a series of attacks on Iran.
Oil futures retreated Thursday morning after surging to a two-month high Wednesday.
Oil futures rallied to a two-month high Wednesday morning after U.S. President Trump announced a trade deal between the United States and China.
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Weekly Export Sales at 7:30 a.m. CDT
Cattle on Feed at 2 p.m. CDT
*Note that the CFTC Commitment of Traders Report is delayed until Monday, June 23 due to Thursday's Holiday*
WeatherA stalled front across the far north will be the focal point for showers and thunderstorms for Friday, along with chances for severe weather. South of this front, temperatures are rising and will be very hot in the Plains. This heat will spread eastward over the weekend.
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