Written on: March 31, 2026
Tuesday, March 31, 2026
Iran-backed Houthi militants have joined the war in the Middle East, running heating oil, natural gas and gasoline futures higher.
Refined futures are unchanged earlier in the morning, with crude oil futures seeing modest gains. Higher trade in both US stock market index futures and European equities, as well as losses in the US dollar index were supportive this morning. Market participants looked ahead to monthly Canadian GDP figures, the US Case-Shiller Home Price Index, US Consumer Confidence data, and to the US Job Openings and Labor Turnover Survey (JOLTS) for further direction.
The latest weather forecast sees mixed temperatures in the Midwest, with mostly above-normal temperatures seen in the Northeast. Over the next 6-10 days, mostly below-normal temperatures are expected in the Midwest, while near- to above-normal temperatures are forecasted in New England, save for northern Maine where below-normal temperatures are seen.