DTN Oil Update
Oil futures recorded their largest one-day rise in four months on Wednesday, amid reports that the United States might be weighing military action against Iran.
Oil futures recorded their largest one-day rise in four months on Wednesday, amid reports that the United States might be weighing military action against Iran.
Oil and product futures jumped Wednesday morning after U.S.-hosted negotiations to end the war between Russia and Ukraine broke up abruptly, after only two hours of discussions.
Oil and refined product futures fell Tuesday as progress in U.S.-Iran talks lowered risks for the Middle East oil trade.
Oil and product futures mostly slid Tuesday morning after Iran's foreign minister signaled substantive progress in talks with the United States, which is attempting to shut down Tehran's nuclear program.
Oil futures reversed early losses to settle marginally higher Friday, Feb. 13, as U.S. inflation slowed in January boosting prospects for the economy.
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Tuesday looks to be another calm day for scheduled reports but on Wall Street it will be a busy day for company earnings announcements for the fourth quarter of 2025. As for agriculture specific reports, USDA will release their monthly Cold Storage after the close at 2 p.m. CST.
WeatherA clipper system is moving through Canada on Tuesday, getting into the Great Lakes with some areas of snow. The clipper will pull some warmer air eastward with it too, but northern areas will get a little cooler behind its cold front going into Wednesday. The next system in the pipeline is moving into the Pacific Northwest with widespread precipitation Tuesday as well.
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