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  • DTN Oil Update

    Oil prices plunged Monday morning after U.S. President Donald Trump said that the U.S. and Iran were in negotiations to resolve their ongoing conflict diplomatically, and that he had ordered the postponement of attacks on Iranian energy infrastructure.

  • DTN Oil Update

    Oil prices reversed a volatile early Friday session to settle up for a fifth consecutive week amid media reports that U.S. President Donald Trump has been presented with options for a U.S. ground battle in Iran that could dramatically escalate the...

  • DTN Oil Update

    Crude and fuel futures were mixed in choppy trading Friday morning, with WTI headed for its first weekly loss since February on U.S. efforts to boost domestic supplies even as global oil shipments remained in a flux from the three-week long Iran war.

  • DTN Oil Update

    Crude futures raced to nearly $120 bbl Thursday before retreating after the White House signaled it may ease sanctions on Iranian oil trade, and consider additional releases from U.S. strategic reserves to bolster global supplies affected by the Middle...

  • DTN Oil Update

    Crude and refined product markets mostly settled higher on Wednesday, with Brent nearly hitting $110 bbl, as Iran pledged to strike additional Middle East energy infrastructure in retaliation to U.S.-Israeli attacks at its South Pars gas hub.

  • DTN Oil Update

    Brent futures jumped more than 4% Wednesday morning after Iran reported attacks on some of its energy infrastructure for the first time since the beginning of the latest Middle East conflict, and vowed retaliation.

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What DTN Is Watching

USDA will lead off Thursday with their weekly Export Sales report at 7:30 a.m. CDT. Later in the afternoon, USDA will release the quarterly Hogs and Pigs inventory report at 2 p.m. CDT. Otherwise, the market will of course be in tune to developments regarding the ongoing war in the Middle East.

Weather

A strong front is diving south through the northern half of the country on Thursday. Scattered showers are already occurring with it, but it will be more potent Thursday afternoon and evening across the Midwest as strong-to-severe thunderstorms are expected to develop from Missouri to Ohio.

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