DTN Oil Update
Oil futures slumped to their lowest since early March Monday morning after the U.S. and Iran announced they had agreed to an interim deal to end the war and reopen the Strait of Hormuz.
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DTN Oil Update
Crude oil prices posted a weekly loss of about 6% on Friday, falling to their lowest level in nearly three months as expectations of easing tensions in the Middle East grew after U.S. President Donald Trump canceled...
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DTN Oil Update
Crude prices tumbled about 3% Friday to near two-month lows after U.S. President Donald Trump called off planned retaliatory airstrikes on Iran, easing tensions in a Middle East conflict that turned hostile in recent days after months of ceasefire.
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DTN Oil Update
Oil futures prices retreated Thursday, dropping by nearly 5% after U.S. President Donald Trump canceled scheduled strikes on Iran and suggested a deal is close.
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DTN Oil Update
Oil prices slid Thursday (6/11) as market participants tried to assess whether fresh escalation in the Middle East conflict between the U.S. and Iran would add to the global supply deficit or represented geopolitical noise of a familiar kind.
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DTN Oil Update
Oil prices surged Wednesday as renewed U.S- Iran hostilities led to worries the Middle East conflict was flaring again, scuttling hopes for peace and normalization of energy shipments through the Strait of Hormuz.
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DTN Oil Update
Oil prices rose Wednesday morning from the previous session's sharp losses as new U.S.-Iran counterstrikes reinforced the vulnerability of Middle East ceasefires and the heightened volatility across energy...
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What DTN Is Watching
Thursday will be the final trading session for the week with grain markets closed on Friday, June 19, in observance of Juneteenth. For reports, USDA will release the weekly Export Sales report at 7:30 a.m. CDT. Later in the afternoon, USDA will release the June Cattle on Feed report at 2 p.m. CDT.
WeatherThe remnants of Tropical Storm Arthur have moved into the central Gulf Coast with a ball of heavy rain that will continue deeper into the Southeast on Thursday. A front from a system that went through the Midwest on Wednesday will sag into the South and Southeast, enhancing showers as well. Behind the system in some cooler air, areas of isolated showers will be possible from the Midwest back through the Canadian Prairies.
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