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New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange declined for the second session on Thursday, dragged lower by building crude inventories domestically amid signs of recession in manufacturing, and a firmer U.S. dollar index...
Following Wednesday's sell-off triggered by bearish inventory data in the United States, oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange softened again early Thursday.
New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange settled the first trading session of February with sharp losses amplified by a bearish inventory report from the U.S. Energy Information...
New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange flipped between modest gains and losses in pre-inventory trade Wednesday.
Reversing earlier losses, oil futures nearest delivery on the New York Mercantile Exchange settled the last trading session of January higher after the U.S. employment cost index showed wage pressure eased further at the end of 2022.
New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange continued lower early Tuesday.
New York Mercantile Exchange oil futures and Brent crude traded on the Intercontinental Exchange settled Monday's session sharply lower pressured by a firmer U.S. dollar and risk-off sentiment in financial markets.
USDA's weekly export sales report is out at 7:30 a.m. CST Thursday, the same time as weekly U.S. jobless claims, a report on fourth-quarter U.S. productivity and an update of the U.S. Drought Monitor. The U.S. Energy Department's natural gas storage report is at 9:30 a.m. Traders remain interested in the latest weather reports, especially from South America and in any news of an export sale.
WeatherA stalled front continues to be active across the south with rounds of showers on Thursday. It is still cold enough for a mix of freezing rain, sleet, and some snow in these areas. Across the north, the last arctic cold blast is moving into the North-Central U.S. The cold will be intense but only for a day or so. The cold will slide over to the Northeast tonight and cold air over the Great Lakes will induce lake-effect snows. Those should be as brief as the cold air that moves through.
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