DTN Oil Update
Oil prices edged up Thursday morning after slipping to a more than two-month low in Wednesday's session following the International Energy Agency forecasting an even larger oil glut by the end of the year.
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DTN Oil Update
Oil prices slipped Wednesday morning following the newest supply and demand growth forecasts published by the International Energy Agency.
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DTN Oil Update
Oil prices settled lower on Tuesday, reversing gains from the previous trading session, after U.S. President Donald Trump postponed by another three months the imposition of trade-prohibitive tariffs on imported...
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DTN Oil Update
Oil prices softened Tuesday morning, erasing gains from the previous trading session.
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What DTN Is Watching
Federal Reserve governor Christopher Waller speaks at 10 am CDT and at 1 pm, we get the minutes of the Fed's FOMC meeting in July. We will watch for more flash sales announcements at 8 am and updated Corn Belt weather. At 9:30 am, the EIA will release its weekly petroleum report, including ethanol production and stocks.
WeatherA weakened cold front continues to sag into the Southeast on Wednesday, where it is producing scattered showers and thunderstorms, and will protect the East Coast from Hurricane Erin, which is making a pass well away from North Carolina Wednesday and Thursday. Another system in the Canadian Prairies is also producing scattered showers and thunderstorms. That storm system will be the start of a cooler weather pattern as a cold front sweeps through the country Thursday through the weekend with cold air to follow.
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