DTN Oil Update
Oil futures reversed early losses to settle marginally higher Friday, Feb. 13, as U.S. inflation slowed in January boosting prospects for the economy.
Oil futures reversed early losses to settle marginally higher Friday, Feb. 13, as U.S. inflation slowed in January boosting prospects for the economy.
Crude and gasoline futures extended their declines on Friday, Feb. 13, morning on concerns over surging stockpiles and weakening demand.
Oil futures fell on Thursday, Feb. 12, after the International Energy Agency (IEA) cut its forecast for crude consumption in 2026.
Oil futures dipped on Thursday, Feb. 12, as market participants reacted to a lower demand outlook for 2026 from the International Energy Agency (IEA).
Oil futures rose Wednesday as the Trump administration renewed his pressure on Iran but was limited by a large weekly rise in crude and gasoline stocks reported by the U.S. Energy Information Administration (EIA).
Oil futures jumped about 2% Wednesday after U.S. President Donald Trump said he was weighing sending a second U.S. aircraft carrier strike group to the Middle East to prepare for military action if negotiations with Iran failed.
Oil futures fell Tuesday, Feb. 10, as market participants pared risk ahead of the American Petroleum Institute (API)'s release of weekly inventory data.
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Friday looks to be a mostly quiet session for reports, but traders will tune in at 8 a.m. CST to see if USDA reports any flash export sales. After the close, CFTC will release their Commitments of Traders report which will update trader positions as of Tuesday, February 10.
WeatherThroughout Friday, scattered showers and storms will gradually develop across the southwest Plains as a system from the Desert Southwest arrives. A few marginally strong to severe storms, providing risks for large hail and damaging winds, will be possible across western Texas into central Oklahoma. By early Saturday morning, these areas could see around 0.5-1 inch of rain.
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