DTN Oil Update
Crude prices rebounded Thursday morning as Iran signaled skepticism over peace talks with the U.S., casting doubts about a potential ceasefire to the month-long Middle East conflict that has shuttered a fifth of world oil supply.
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DTN Oil Update
Crude futures dipped Wednesday amid conflicting reports on whether the U.S. and Iran were in talks to find a solution to the more than three-week long Middle East conflict, with Israeli media suggesting an impending ceasefire.
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DTN Oil Update
Oil futures dropped nearly 5% Wednesday morning, with Brent back below $100 bbl, on news the U.S. have proposed a 15-point plan to negotiate an end to the war with Iran.
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DTN Oil Update
Oil prices resumed their rally Tuesday after a one-day reprieve as the U.S. was reported to be planning to send thousands of additional troops to the Middle East, and Iran denied that it was in talks to protect its power plants from U.S.-Israel fire.
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DTN Oil Update
Oil prices advanced Tuesday morning after Iran denied U.S. claims of negotiations and Israeli and Iranian attacks continued.
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DTN Oil Update
Crude oil and product futures tumbled in volatile trade Monday, with Brent settling below $100 bbl, after an Iranian official disputed U.S. President Donald Trump's announcement that White House representatives were in talks with Tehran to find a solution to the three-week...
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DTN Oil Update
Crude oil futures fell as much as 15% from Monday's session highs, driving refined product prices lower as well, after U.S. President Donald Trump said White House-appointed representatives were in talks with an Iranian official to find a resolution to the Middle East conflict.
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What DTN Is Watching
USDA will lead off Thursday with their weekly Export Sales report at 7:30 a.m. CDT. Later in the afternoon, USDA will release the quarterly Hogs and Pigs inventory report at 2 p.m. CDT. Otherwise, the market will of course be in tune to developments regarding the ongoing war in the Middle East.
WeatherA strong front is diving south through the northern half of the country on Thursday. Scattered showers are already occurring with it, but it will be more potent Thursday afternoon and evening across the Midwest as strong-to-severe thunderstorms are expected to develop from Missouri to Ohio.
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