DTN Oil Update
Crude oil futures rose Monday morning amid news of a possible ceasefire in the Russia-Ukraine war and after U.S. President Donald Trump ordered air raids on various towns in Yemen to attack Houthi rebels during the weekend.
Crude oil futures rose Monday morning amid news of a possible ceasefire in the Russia-Ukraine war and after U.S. President Donald Trump ordered air raids on various towns in Yemen to attack Houthi rebels during the weekend.
Crude oil futures settled higher to close the week on Friday, driven by news of a possible ceasefire in the Russia-Ukraine war, under certain conditions, while concerns of the impact of tariffs keeps weighing in market sentiment.
Crude oil futures rebounded Friday morning despite the International Energy Agency forecasting on Thursday that oil supply will exceed the global demand in 2025, driven by an escalation of the trade tariff war.
Oil futures settled lower on Thursday after the International Energy Agency reported that oil supply will exceed the global demand this year, due to an escalation of the trade tariff war between the United States and other countries.
Oil futures dropped Thursday morning, driven by concerns surrounding the trade tariff war after EU and Canada implemented retaliatory taxes on U.S. imported goods Wednesday, March 12.
Oil futures settled higher Wednesday, driven by a lower-than-expected inflation increase in February compared to the previous month and after OPEC kept its forecast of oil demand growth for this year unchanged month-over-month.
Oil futures rose Wednesday, despite the Energy Information Administration and the American Petroleum Institute reporting increasing crude inventories last week.
U.S. Retail Sales at 7:30 a.m. CDT
Export Inspections at 10 a.m. CDT
WeatherA weak system is moving across the Canadian border on Monday with scattered snow, but much of the country is rather quiet for the day with the intense weekend system now moving off the East Coast. However, the next system is moving into the Pacific Northwest with some showers and it'll be another big storm in a fairly active week of weather.
(c) Copyright 2025 DTN, LLC. All rights reserved.