DTN Oil Update
Crude futures settled little changed Tuesday amid reports of a NATO deployment planned for the Strait of Hormuz and U.S. President Donald Trump's remarks that he will prioritize diplomacy for now over resuming attacks on Iran.
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DTN Oil Update
Oil futures edged lower Tuesday morning after U.S. President Donald Trump said he had put on hold planned Tuesday attacks on Iran amid the current ceasefire.
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DTN Oil Update
Crude futures hit two-week highs Monday as the U.S. and Iran traded hostile rhetoric after a weekend of military strikes within the United Arab Emirates and Lebanon that further complicated the outlook for the Middle East crisis.
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DTN Oil Update
Crude oil futures rose to their highest in nearly two weeks Monday morning on escalation fears fueled by fresh drone attacks in the Middle East and renewed threats out of Washington D.C. and Tehran.
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DTN Oil Update
Oil futures surged Friday with both WTI and Brent reaching their highest levels in seven days amid expectations of tighter supplies, despite increased vessel traffic through the Strait of Hormuz and a U.S.-China agreement emphasizing...
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DTN Oil Update
Oil futures rose more than 2% to close the week higher on Friday, driven by expectations of tighter supplies, despite increased transit through the Strait of Hormuz and an agreement between United States and China that the key global...
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DTN Oil Update
Oil futures settled mixed Thursday, as market participants continued monitoring the developments surrounding the U.S.-China summit and reports of improving maritime activity at the Strait of Hormuz.
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What DTN Is Watching
Tuesday is a quiet schedule for reports, with USDA's monthly Chicken and Eggs release at 2 p.m. CDT. Otherwise, traders will monitor the U.S. weather forecast as planting reaches the homestretch, as well as watch for updates regarding the situation in the Middle East.
WeatherAfter a couple of days of intense severe weather, a cold front will remain active as it slowly pushes south through the Southern Plains and Midwest on Tuesday. Some severe weather will still be possible, as well as some areas of heavy rain. Cold air continues behind the front, which brought widespread frosts and some freezes to the Canadian Prairies, Northern Plains, and central High Plains Tuesday morning.
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