DTN Oil Update
Oil and product futures rose for a fifth consecutive trading day Thursday morning on reports that two Saudi Arabian oil tankers have been struck in the Red Sea by Houthi forces who earlier this week announced a blockade of Saudi...
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DTN Oil Update
Crude futures settled near six-week highs Wednesday after U.S. President Donald Trump threatened to bomb civilian infrastructure in Iran if Tehran continued to target commercial shipping in the Strait of Hormuz.
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DTN Oil Update
Oil and product futures extended their rise Wednesday morning to near six-week highs as the escalating U.S.-Iran war looked to threaten new oil supply routes in the Middle East.
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DTN Oil Update
Oil futures climbed about 2% on Tuesday, with the front-month ICE Brent futures contract rising above the $90 bbl for the first time in weeks.
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DTN Oil Update
Oil and product futures rose Tuesday morning on mounting supply disruptions and growing geopolitical risks amid several fresh attacks on tankers from the Strait of Hormuz to the Black Sea.
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DTN Oil Update
Oil futures were mixed Monday as investors assessed competing signals from the Middle East.
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DTN Oil Update
Oil and product futures were mixed in a volatile morning session Monday.
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What DTN Is Watching
On Thursday, USDA will lead things off with the weekly Export Sales report at 7:30 a.m. CDT. In the afternoon, USDA will release their weekly and monthly Federally Inspected Slaughter reports, both at 2 p.m. CDT.
WeatherA stalled front is producing some areas of showers and thunderstorms across both the Central Plains and around the Carolinas on Thursday. Severe weather is not out of the question, but heavy rain seems to be the primary threat, especially in North Carolina. Tropical Storm Bertha is set to make landfall again Thursday, this time in Texas where some heavy rain will be possible across the South.
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