DTN Oil Update
Oil futures continued their rally Tuesday, supported by persistent optimism around improving global economic conditions.
Oil futures continued their rally Tuesday, supported by persistent optimism around improving global economic conditions.
Oil futures extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce, and President Donald Trump's shorter deadline for Russia to end the Ukraine war.
New York Mercantile Exchange oil futures ended higher Monday, lifted by easing demand concerns following progress in U.S.-EU trade discussions, while geopolitical tensions in Ukraine added upward pressure.
Oil futures moved higher early Monday, supported by a new U.S.-EU trade framework and expectations for progress in upcoming China-U.S. discussions.
Oil futures settled lower Friday.
Oil futures posted a mixed performance in early Friday trade, with modest gains in refined products and underlying support from progress in U.S.-EU trade talks and expectations that Russia will tighten gasoline exports.
Oil futures rebounded on Thursday, with crude contracts snapping a four-session losing streak, while refined products ended the session lower.
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Advance U.S. Trade Balance in Goods at 7:30 a.m. CDT
Consumer Confidence at 9 a.m. CDT
WeatherA front is slowly pushing southward through the country this week. For Tuesday, it will be located from the Central Plains into the Great Lakes where scattered showers and thunderstorms will develop. Some may be severe, especially on the western end of the front. Temperatures south of the front continue to be very hot and humid while relief is filling in behind it.
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