DTN Oil Update
Crude and product futures remained in the red Thursday as demand downgrades from global energy agencies clashed with persistent physical supply blockades along the Strait of Hormuz.
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DTN Oil Update
The rally in oil stalled Wednesday after a four-day as weekly U.S. crude stockpiles at above three-year highs offset some of the concerns over stranded global energy shipments on the Strait of Hormuz.
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DTN Oil Update
Crude futures rebounded from their early weakness on Tuesday to rally for a fourth straight session as escalating rhetoric between the U.S. and Iran offset hopes for a resolution to the Strait of Hormuz standoff.
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DTN Oil Update
Crude futures dipped Tuesday morning following media reports that negotiations over the Strait of Hormuz between Iran and Oman have reached an advanced stage.
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DTN Oil Update
Crude futures jumped about 5% Monday as uncertainty increased over whether the United States and Iran will reach a deal to increase shipping traffic through the Strait of Hormuz, reversing some of last week's steep losses.
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DTN Oil Update
Crude futures rose Friday, but the gains were not enough to offset a second straight week of losses in a market hampered by expectations for a peace deal for the Middle East and its key energy waterway, the Strait of Hormuz.
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DTN Oil Update
Crude and oil product futures held steady on Friday morning while eyeing a second straight weekly loss on trade expectations for a peace deal for the Middle East and its key energy waterway, the Strait of Hormuz.
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What DTN Is Watching
On Thursday, USDA will be out with their weekly export sales report at 7:30 a.m. CDT, with data as of August 6. USDA will also release a series of follow up reports to Wednesday's WASDE at 1 p.m. CDT, including updating the wheat and feed grain databases.
WeatherIn the active pattern that has been present all week long, more areas of showers and thunderstorms will develop across the Corn Belt for Thursday. Of particular interest is a cluster of storms moving across Iowa early Thursday morning. That cluster is being watched for severe weather and may continue as it moves east-southeast through the Midwest. Additional showers and thunderstorms may pop up out ahead of it as well as behind it across the Northern and Central Plains throughout the day.
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