DTN Oil Update
Crude futures fell for a fourth consecutive week Thursday as a continued acceleration in tanker traffic through the Strait of Hormuz sent the market to pre-war levels.
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DTN Oil Update
Oil futures slid for the third consecutive trading day Thursday as Middle Eastern producers rushed to send barrels through the now reopened Strait of Hormuz.
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DTN Oil Update
Crude oil futures extended losses Wednesday despite the largest weekly draw in U.S. crude inventories in nearly eight years, as reported by the Energy Information Administration.
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DTN Oil Update
Crude oil futures extended their decline Wednesday as traffic through the Strait of Hormuz picked up amid signs that indirect negotiations between the U.S. and Iran were progressing.
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DTN Oil Update
Crude futures fell Tuesday, finishing June lower after May's slide, as accelerating oil flows out of the Persian Gulf erased much of the Iran war risks that drove the market to four-year highs just months ago.
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DTN Oil Update
Oil prices were little changed Tuesday morning as market participants were awaiting the next step in negotiations between Washington and Tehran.
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DTN Oil Update
Global energy markets rose Monday on signs that oil and gas shipments were being squeezed again on the Strait of Hormuz amid fresh U.S.-Iran hostilities that raised questions about the interim peace pact between the two.
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What DTN Is Watching
For the final trading day of the holiday-shortened week, the Bureau of Labor Statistics will release the June Employment report at 7:30 a.m. CDT. In the afternoon, USDA will release the weekly Livestock Slaughter report at 2 p.m.
WeatherA dome of hot and humid conditions continues to sit across the eastern half of the country for Thursday. Like the last few days, we'll see scattered showers and thunderstorms along the edge of it from the southwestern Plains up through the Upper Midwest and across the northern Great Lakes. An additional boost in the strength and coverage of the storms moves through the Northern Plains and Upper Midwest, which will be a focal point for extremely strong winds and some hail. Additional showers continue to spread northward from the Gulf into the southern Midwest as the humidity becomes too much for the atmosphere to handle.
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