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Nearby delivery month crude oil futures rose nearly $2 on Wednesday, after Israel accepted a ceasefire with Gaza and despite the Energy Information Administration reporting a build on commercial crude oil and gasoline stocks last week.
Oil futures rose on Wednesday, following Energy Information Administration (EIA) and American Petroleum Institute (API) data showing a build on commercial crude oil and gasoline stocks, while gasoline inventory declined last week.
Oil futures edged up Wednesday morning, supported by an American Petroleum Institute report showing U.S. middle distillate inventories continuing to tighten last week.
Oil futures edged up Tuesday morning, staying in a narrow band for the fifth consecutive trading day ahead of the July 9 tariff deadline and Sunday's OPEC meeting.
Oil futures were steady Monday morning after having reverted to pre-war levels.
Oil futures were mixed to close the week on Friday, driven by expectations of ample global supplies as OPEC countries are anticipated to increase output in August, amid sluggish demand.
Oil futures rose Friday morning after Chinese and U.S. American government officials confirmed progress in trade negotiations.
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Weekly Export Sales at 7:30 a.m. CDT
June Employment and Wage Reports at 7:30 a.m. CDT
U.S. Trade Balance In Goods and Services for May at 7:30 a.m. CDT
Weekly Slaughter at 2 p.m. CDT
WeatherPart of a front has stalled near the Red River Valley, keeping showers going there south through Texas for Thursday. Several disturbances and fronts across the north will also produce scattered showers and thunderstorms throughout the day, and some of these could be severe with a few stronger storms producing wind gusts and hail.
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