DTN Oil Update
Oil futures were little changed Tuesday morning, after gaining 1.5% in the previous trading session despite a larger-than-expected OPEC+ production hike plan.
Oil futures were little changed Tuesday morning, after gaining 1.5% in the previous trading session despite a larger-than-expected OPEC+ production hike plan.
Oil futures steadied Monday morning, shrugging off OPEC's larger-than-expected production hike for August.
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.
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U.S. Ag Trade Data Update at 1 p.m.
WeatherA front has stalled across the Tennessee Valley for Tuesday, where scattered showers and thunderstorms will develop. Moisture near the Gulf will create showers farther south as well. A system is moving through the Midwest and that should bring more consistent showers and thunderstorms throughout the day back into the Central Plains as well.
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