DTN Oil Update
Crude futures extended losses on Tuesday morning as market participants digested headlines suggesting slow but steady progress toward diplomacy in the Middle East.
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DTN Oil Update
Crude and product futures began August trading on a weaker note on Monday as a lull in Middle East fighting eased tensions across the region, although there was no evident pickup of cargo on key Middle East waters for energy shipments.
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DTN Oil Update
Crude futures ended July trading more than 20% higher Friday as renewed escalation in the Iran war increased disruption to oil and gas shipments in key Middle East waters
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DTN Oil Update
Oil prices advanced Friday morning, on track for a weekly decline on signs that disruptions to Red Sea oil flows were less severe than originally feared.
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DTN Oil Update
Crude and refined product futures fell Thursday as market participants managed front-month contract expiration pressures while engaging in profit-taking following the prior session's large gains.
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DTN Oil Update
Oil prices edged lower Thursday morning, holding onto most of Wednesday's jump, which came on the back of escalating fighting in the Middle East, including the return of U.S. strikes on Iran.
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DTN Oil Update
SECAUCUS, N.J. (DTN) -- Oil futures snapped a three-day plunge to propel Brent crude back into $90 bbl territory Wednesday (7/29) as renewed military exchanges between U.S., regional, and Iranian forces caused tensions to soar again...
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What DTN Is Watching
On Tuesday, the Census Bureau will release the June Trade Balance report at 7:30 a.m. CDT. While there are no major agriculture specific reports scheduled for release by USDA, traders will continue to closely monitor U.S. crop weather through August as well as the ongoing wars both in the Middle East and Black Sea.
WeatherA slow-moving cold front will continue to creep southeast across Iowa and northern Illinois Tuesday, leading to scattered showers and storms. While storms will be non-severe, there is a greater risk for pockets of heavy rain. By midnight, some areas of central and northern Iowa, southern Wisconsin, and northwest Illinois could see 1-2 inches of rain.
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