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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DTN Oil Update
Oil prices edged higher on Tuesday, Oct. 21, supported by a potential U.S.-China trade agreement in the coming days, despite concerns of a looming oil glut.
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DTN Oil Update
Oil futures rose on Tuesday, Oct. 21, morning as market participants counted on the potential for a trade agreement between the United States and China that could ease some of the bearish sentiment affecting energy demand.
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DTN Oil Update
Oil futures prices edged down at the start of the week on Monday, Oct. 20, after reaching $56.35 bbl during the day, following three consecutive weekly losses.
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What DTN Is Watching
No major reports scheduled for Thursday as the government shutdown surpasses the three-week mark. Row crop markets will likely continue to be quiet in nature but also sensitive to trade related headlines.
WeatherA system in the Southern Rockies will be moving into the Southern Plains on Thursday. Scattered showers and thunderstorms will develop across the region, especially Thursday evening and overnight. Some stronger thunderstorms will be possible, as will areas of heavy rain throughout the rest of the week and weekend. Some isolated showers continue across the Great Lakes as well.
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