DTN Oil Update
Oil prices fell for a second day in a row Friday on lingering hopes for a diplomatic breakthrough to the U.S.-Iran war and reopening of the Strait of Hormuz to energy shipments.
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DTN Oil Update
Crude oil futures edged lower Friday morning, extending Thursday's decline sparked by growing expectations of a diplomatic settlement to the U.S.-Iran war.
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DTN Oil Update
Crude and product futures plunged Thursday on intensifying expectations that the Middle East conflict was grinding towards a settlement, despite Hezbollah militants rejecting a Washington-brokered ceasefire between the group and Israel that was aimed at fulfilling Iran's...
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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 energy shipments.
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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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What DTN Is Watching
On Friday at 7:30 a.m. CDT, the Bureau of Labor Statistics will release the monthly Employment report with jobs and wage data for May. At 2:30 p.m. CDT, CFTC will update trader positions as of Tuesday, June 2, in the weekly Commitments of Traders report.
WeatherA front is getting dragged into the Midwest on Friday. Showers and thunderstorms continue from northern Missouri into Wisconsin Friday morning while more will develop across the region through the afternoon and especially in the evening around southern Iowa. Though some severe weather will be possible, heavy rain may produce flooding from southeast Nebraska into northern Illinois. Other more limited showers are forecast across the Plains.
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