DTN Oil Update
Oil futures settled higher Tuesday (12/23) as risks to Venezuelan supply supported a thinly-traded, volatile market typical of the holiday season.
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DTN Oil Update
Oil futures steadied on Tuesday, Dec. 23, as oversupply concerns balanced U.S. actions against Venezuelan oil amid thinner and volatile trading conditions typical for a holiday season.
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DTN Oil Update
Oil futures settled up by almost 3% on Monday, Dec. 22, rebounding sharply from last week's multi-year lows, on reports that U.S. forces had seized in less than a fortnight a second Venezuelan oil-laden tanker while actively pursuing a...
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DTN Oil Update
Oil futures jumped 2% on Monday, rebounding sharply from last week's multi-year lows, on reports that U.S. forces had seized in less than a fortnight a second tanker carrying Venezuelan oil and were actively pursuing the third.
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DTN Oil Update
Oil futures rose for a third straight session Friday, Dec. 19, extending their rebound from multi-year lows. But a second consecutive week of losses persisted for the crude and fuel markets amid concerns about oversupply.
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DTN Oil Update
Oil prices climbed again on Thursday, Dec. 18 as a second day of a U.S. naval blockade on Venezuela lent support to a market otherwise thin on news.
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DTN Oil Update
Oil to gasoline futures rose Thursday Dec. 18, retaining the upward sentiment from the prior session inspired by a U.S. naval blockade on OPEC producer Venezuela and a weekly draw in crude inventories reported by the Energy Information...
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What DTN Is Watching
With USDA closed on Wednesday and Friday, the export sales report originally scheduled for Friday morning has been moved to Tuesday morning at 7:30 a.m. CST, which will include data for the week ending December 11. Also at 7:30, the Bureau of Economic Analysis will release the delayed third quarter U.S. GDP report. Finally, at 2 p.m. CST, USDA will release their quarterly Hogs and Pigs inventory report.
WeatherWarm air continues to build across the middle of the country on Tuesday, with record highs falling from the Southwest into the Mid-South. Cold air up in Canada is setting up a boundary across the north and showers are moving from the West into the Northeast across this boundary. Areas in the North-Central U.S. will take a break Tuesday, though.
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