DTN Oil Update
Crude futures gave back most of the gains that elevated them to six-week highs Thursday as the market balanced concerns over the impact of heightened fighting in the Middle East with U.S. President Donald Trump's hints that current...
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DTN Oil Update
Crude futures hovered near six-week highs Thursday morning amid escalating Middle East tensions from U.S. bombing of Iran and Israel's renewed threats of military strikes against Tehran.
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DTN Oil Update
Oil markets rebounded from intermittent weakness to settle higher Wednesday after federal data showed a larger-than-expected draw in U.S. commercial crude stocks.
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DTN Oil Update
Crude futures retreated Wednesday from one-month highs as traders awaited official U.S. petroleum inventory data for last week amid mixed signals for energy freight on the Strait of Hormuz from the U.S.-Iran war.
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DTN Oil Update
Oil futures climbed over 5% on Tuesday after the United States launched new strikes against Iran raising concerns of a disruption to vessel traffic through the Strait of Hormuz.
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DTN Oil Update
Crude futures moved nearly 2% higher Tuesday morning as renewed military exchanges between Washington and Tehran stoked supply disruption fears.
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DTN Oil Update
Crude oil futures climbed roughly more than 3% on Monday after U.S. forces carried out strikes on an Iranian island facility in the Strait of Hormuz on Sunday, marking the first direct military exchange between Washington and Tehran in over a month since a prior ceasefire...
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What DTN Is Watching
On Thursday, USDA will release their weekly Export Sales report at 7:30 a.m. CDT. At the same time, the U.S. Census Bureau will be out with the U.S. Trade Balance for July. Otherwise, traders will continue to monitor weather over the final stretch of the U.S. growing season, as well as the ongoing conflicts in the Black Sea and Middle East.
WeatherA front continues to be stuck across the northern end of the country on Thursday. Various areas of showers and thunderstorms will occur near the front throughout the day. Some of those could become severe, producing locally heavy rain. The remnants of Tropical Storm Edouard are still producing heavy, flooding rain in eastern Texas. A system is also moving through the Canadian Prairies with additional showers and thunderstorms there as well.
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