DTN Oil Update
Oil futures prices climbed for a third consecutive trading session Tuesday marking a three-week high amid a global supply crunch fueled by disruptions to vessel traffic through the Strait of Hormuz, ongoing conflict...
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DTN Oil Update
Oil prices rose for a third consecutive trading day Tuesday morning, holding at their highest in nearly three weeks on dimming peace prospects and mounting supply disruptions.
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DTN Oil Update
Crude and oil product futures rallied Monday after Iran warned it was adopting a new offensive stance over the Strait of Hormuz, threatening an escalation of hostilities in the region unless its demands were met by the United States.
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DTN Oil Update
Oil prices edged higher in a choppy Monday morning session amid heightened uncertainty over the future of the U.S.-Iran war, while fresh bearish economic data from China capped gains.
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DTN Oil Update
Crude oil futures rebounded Friday as fresh tanker attacks in the Strait of Hormuz and intensifying rhetoric between Washington and Tehran reignited geopolitical supply fears.
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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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What DTN Is Watching
On Friday, USDA will release a series of reports after the close, such as the August Cattle on Feed and county Cash Rents reports at 2 p.m. CDT. At 2:30 p.m. CDT, CFTC will close the week with the Commitments of Traders report.
WeatherA front has sunk down into the Southeast where showers and thunderstorms will form throughout the day Friday. We are even seeing some showers back into Oklahoma as well. Another front is pushing southeast through the Corn Belt, with scattered showers developing from Nebraska into the Great Lakes. Some severe storms will be possible in both regions Friday.
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