DTN Oil Update
Crude oil and products futures slipped Wednesday morning after U.S. President Donald Trump told reporters U.S. military operations against Iran could cease in the next two to three weeks and a negotiated deal with Tehran wasn't a...
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DTN Oil Update
Brent crude futures posted record high advances for March and the first quarter on Tuesday, while NYMEX West Texas Intermediate had its largest rise since the 2020 pandemic, as the Middle East conflict shaped the outcome of energy...
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DTN Oil Update
Crude oil futures settled above $100 bbl Monday as U.S. President Donald Trump's threats of troop reinforcement and destruction of energy plants in Iran offset efforts by Pakistani mediators to de-escalate the Middle East...
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DTN Oil Update
Oil prices edged higher Monday after U.S. President Donald Trump threatened to "blow up and completely obliterate" Iran's energy infrastructure if a deal is not reached soon to end the Middle East conflict.
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DTN Oil Update
Oil prices extended their run higher Friday on dimming prospects of a ceasefire in the month-long U.S.-Israeli war on Iran.
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DTN Oil Update
Oil prices extended their run higher Friday on dimming prospects of a ceasefire in the month-long U.S.-Israeli war on Iran.
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DTN Oil Update
Crude prices rebounded Thursday from the prior session's drop as U.S. President Donald Trump pressured Iran to reopen the blockaded Strait of Hormuz or face a bombardment of its energy plants.
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What DTN Is Watching
The EIA will kick off April with their weekly Petroleum Status report, due out Wednesday morning at 9:30 a.m. CDT. At 11 a.m. CDT, USDA will release their final monthly State Stories Conditions Report before weekly Crop Progress reports resume next Monday. Finally, after the close at 2 p.m. CDT, USDA will release their Fats and Oils: Oilseed Crushings and Grain Crushing and Co-Products Production reports, with crush data for February.
WeatherA front continues to produce scattered showers and thunderstorms in the Midwest early Wednesday, but the main story is a system moving into the Plains. Some snow has already started to develop in the Northern Plains, increasing throughout the day. Additional showers and thunderstorms will develop across the Central and Southern Plains Wednesday afternoon and evening, some of which could be severe. Precipitation will spread into the Upper Midwest Wednesday night, which will turn to freezing rain going into Thursday.
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