DTN Oil Update
Oil prices steadied Monday morning, Oct. 27, after climbing more than 7% last week.
World & Policy
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DTN Oil Update
Oil futures reversed its early upward trend on Friday, Oct. 24, despite the U.S. Bureau of Labor Statistics (BLS) reporting tame inflation data for September that could prompt the Federal Reserve to cut interest rates.
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DTN Oil Update
Oil futures rose for a fifth straight session on Friday, Oct. 24, setting WTI and Brent up for their biggest weekly rise since June.
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DTN Oil Update
Crude futures rose 5% on Thursday, Oct. 23, placing WTI and Brent back above key bullish markers.
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DTN Oil Update
Oil futures rose 5% on Thursday, Oct. 23, morning, hitting two-week highs, following fresh U.S. sanctions on Russia's oil trade and reports of a decline in commercial crude inventories last week.
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DTN Oil Update
Oil futures surged on Wednesday, Oct. 22, after the U.S. Energy Information Administration reported across-the-board draws in stockpiles of crude and fuel products for the week ended Oct. 17.
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DTN Oil Update
Oil futures jumped 2% on Wednesday, Oct. 22, morning after data from the American Petroleum Institute (API) showed a weekly draw in crude and fuel product stocks for the week ended Oct. 17.
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What DTN Is Watching
The U.S. government shutdown will hit its 27th day to begin the week, and subsequently there are no major economic reports scheduled but weekly export inspections will be released at 10 a.m. CDT. The primary storyline the markets will be watching will undoubtedly be President Trump's visit to Asia for the ASEAN Summit this week, culminating with a meeting with China's President Xi on Thursday.
WeatherA system that produced heavy rain across the South this weekend continues with scattered showers in the Southeast for Monday. A stronger front is moving through the Northern Plains with showers of its own. A significant drop in temperature will follow behind it this week.
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