DTN Oil Update
Oil and product futures jumped Monday morning on reports that Iran fired warning shots at a U.S. warship trying to pass through the Strait of Hormuz.
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DTN Oil Update
Oil prices fell Friday as expectation that the United States and Iran will head to the negotiation table again to resolve the Middle East conflict cooled a market that had rallied big on the week.
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DTN Oil Update
Oil and product futures softened Thursday morning, retreating from the highs reached earlier in the session on reports the U.S. is considering new strikes on Iran.
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DTN Oil Update
Oil prices jumped 8% Wednesday, driving Brent crude to a 2026 high of nearly $120 bbl, as the U.S. reportedly mulled resuming attacks against Iran after a month of diplomatic efforts that failed to end the conflict...
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DTN Oil Update
Oil futures continued to rise Wednesday morning amid signs the energy supply disruption in the Persian Gulf is set to drag on, sending front-month Brent futures to their highest since March 31.
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What DTN Is Watching
On Thursday, USDA will release their Weekly Export Sales Report at 7:30 a.m. CDT. There are no other major USDA or macroeconomic reports due out. Markets will likely remain sensitive to updates regarding the conflict in the Middle East.
WeatherA cold front remains active as it continues through the Southeast on Thursday. Areas of showers and thunderstorms, some being severe, will be possible throughout the day. Cold air continues to fill in behind the front, with some isolated showers for the Plains and Midwest.
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