DTN Oil Update
Brent crude oil futures rebounded Tuesday morning after the U.S. carried out fresh attacks on Iran despite an existing ceasefire, raising doubts that a peace deal with Iran was imminent.
Brent crude oil futures rebounded Tuesday morning after the U.S. carried out fresh attacks on Iran despite an existing ceasefire, raising doubts that a peace deal with Iran was imminent.
Oil prices steadied after a three-day decline to settle slightly higher Friday as tensions swelled again in the Middle East from U.S. opposition to Iran's plans to toll the Strait of Hormuz.
Oil futures rose Friday morning as conflicting statements from Tehran and Washington, D.C., cast doubt on the progress of peace talks aimed at ending a conflict that has led to the largest oil supply disruption in history.
Crude and product futures reversed course to settle lower Thursday as reports that the U.S. and Iran were close to a deal to reopen the Strait of Hormuz conflicted with statements by Tehran that it was not ready yet for a peace agreement.
Oil futures rebounded Thursday morning on reports that Iran's supreme leader had issued a directive ordering that the country's enriched uranium should not be sent abroad. Storing the fissile material outside of the country has been a key U.S...
Crude and product futures tumbled their most in two weeks Wednesday on reports of more tanker traffic on the Strait of Hormuz as European governments were said to be in direct negotiations with Iran to secure safe passage for vessels navigating...
Oil futures extended their decline Wednesday morning on hopes of a detente in the U.S.-Iran war and of a sooner-than-expected resumption of flows from the Middle East.
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On Friday, USDA will release their weekly Export Sales report at 7:30 a.m. CDT, delayed by one day due to Monday's holiday. In the afternoon, CFTC will release the weekly Commitments of Traders report, updating trader positions as of May 26.
WeatherA zone of showers continues to be quite active across the South and Southeast on Friday due to a lingering old front and upper-level system in the area, which continues through the weekend. A wave of scattered showers continues from southern South Dakota into the Delta, which could produce some heavy rain. And a system in the West is finally starting to make a move northeast toward the Northern Plains. Doing so will bring scattered showers to the Pacific Northwest, Canadian Prairies, and the rest of the Plains throughout Friday.
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