DTN Oil Update
Crude oil futures edged up Tuesday morning, while ULSD futures soared to 5-month highs amid a global diesel rally.
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DTN Oil Update
Crude futures edged lower on Monday driven by concerns over near term global oil oversupply and expectations that delayed U.S. economic data to be publish this week could be below market forecasts.
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DTN Oil Update
Crude futures edged higher Monday, Nov. 17, morning as concerns over new Russian sanctions maintained the market's upward momentum despite news that loading operations had resumed at the Black Sea oil hub Novorossiysk after a two-day outage.
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DTN Oil Update
Oil prices jumped around 1.5% Friday morning after a Ukrainian strike on Russia's main Black Sea port forced the suspension of oil loading operations.
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DTN Oil Update
Oil markets hit three-week lows Wednesday, Nov. 12, driving both the global benchmarks for crude below key thresholds, following OPEC's forecast of a supply glut for the third quarter.
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DTN Oil Update
Oil futures softened Wednesday, Nov. 12, morning as a crude glut flagged by OPEC overshadowed bullish sentiment bolstered by hopes of an imminent end to a record-long U.S. government shutdown.
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DTN Oil Update
Crude futures rose 2% Tuesday, Nov. 11, buoyed by an imminent reopening of the U.S. federal government from a record-long shutdown and as Western sanctions on Russian supply forced cargo cancellations.
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What DTN Is Watching
Reports originally scheduled for Tuesday include October import price data at 7:30 a.m. CST and Industrial Production and Capacity at 8:15 a.m. CST although the delay of both remains a possibility as Federal operations restart following the end of the government shutdown last week.
WeatherA system is spreading showers through the Midwest on Tuesday. Some limited wintry impacts are possible. Another system is spinning in the Southwest and will be the next system in the line of storms that will parade across the U.S. through the rest of the month.
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