DTN Oil Update
-- Oil futures prices finished slightly higher Monday.
-- Oil futures prices finished slightly higher Monday.
Oil prices edged higher Monday morning, after Ukraine ramped up its attacks on Russian oil infrastructure over the weekend.
Oil futures edged up to close the week on Friday, following fresh UK sanctions on Russian oil trade, and despite U.S. consumer sentiment falling to its lowest level since May.
Oil futures prices settled lower on Thursday, retreating gains from the previous trading session, driven by expectations of ample supplies after the International Energy Agency (IEA) forecasted a larger oil surplus this year and in 2026 compared to its report last month.
Oil prices fell Thursday morning, after the International Energy Agency, in its oil market report published Thursday morning, called for an even larger oil surplus this year and next than in last month's report. IEA expected global oil inventories to grow by an average of 2.5...
Oil futures prices rose for a third consecutive trading day on Wednesday, driven by geopolitical events and despite a build in U.S. inventories last week.
Oil prices rose for a third consecutive trading day Wednesday morning, after an Israeli strike on the political arm of Hamas in Qatar, Polish air defense downing drones for the first time and threats of new sanctions on Russia all raised the geopolitical risk premium.
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Export Inspections at 10 a.m. CDT
ERS Season Average Price Forecasts at 1 p.m. CDT
ERS Wheat Data at 1 p.m. CDT
Crop Progress Report at 3 p.m. CDT
WeatherA slow-moving system is moving the bulk of its energy into the Canadian Prairies Monday morning, but will leave behind enough energy to produce isolated to perhaps scattered showers from the Pacific Northwest to the Lower Mississippi Valley throughout the day. Temperatures continue to be quite warm for mid-September.
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