DTN Oil Update
Crude futures extended losses on Tuesday morning as market participants digested headlines suggesting slow but steady progress toward diplomacy in the Middle East.
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DTN Oil Update
Crude and product futures began August trading on a weaker note on Monday as a lull in Middle East fighting eased tensions across the region, although there was no evident pickup of cargo on key Middle East...
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DTN Oil Update
Crude futures ended July trading more than 20% higher Friday as renewed escalation in the Iran war increased disruption to oil and gas shipments in key Middle East waters
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DTN Oil Update
Oil prices advanced Friday morning, on track for a weekly decline on signs that disruptions to Red Sea oil flows were less severe than originally feared.
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DTN Oil Update
Crude and refined product futures fell Thursday as market participants managed front-month contract expiration pressures while engaging in profit-taking following the prior session's large gains.
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DTN Oil Update
Oil prices edged lower Thursday morning, holding onto most of Wednesday's jump, which came on the back of escalating fighting in the Middle East, including the return of U.S. strikes on Iran.
What DTN Is Watching
On Friday, the Bureau of Labor Statistics will release the July U.S. Employment report at 7:30 a.m. CDT. In the afternoon, CFTC will wrap up the week with the Commitments of Traders report at 2:30 p.m. CDT.
WeatherA cold front will enter the western Midwest Friday, leading to scattered showers and storms in the eastern Dakotas, Minnesota, northern Iowa, and Wisconsin. Some of these storms could be strong to severe, with damaging winds and hail the primary threats. Widely scattered showers and storms will also develop across the Ohio Valley, mainly during the afternoon and evening hours.
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