DTN Oil Update
Oil futures held steady in Wednesday's, Dec. 24, abbreviated session ahead of the Christmas holiday, as traders focused on upbeat U.S. GDP data and geopolitical concerns that had underpinned sentiment over the past week.
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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 third.
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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...
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What DTN Is Watching
Reports for New Year's Eve will include the latest export sales report covering the week ended Dec. 18 at 7:30 a.m. CST. Later in the morning, the Energy Information Administration will release their Petroleum Status Report at 9:30 a.m. CST, with ethanol production and stocks for the week ending Dec. 26. Finally, CFTC will release the last catch-up Commitments of Traders report at 2:30 p.m. CST with trader positions as of Dec. 23, after which reports will return to their normal Friday release schedule.
WeatherLight snow from a clipper system will pass through Minnesota and Wisconsin on Wednesday morning before digging south into Illinois, Indiana, and Ohio this afternoon into this evening. Snow totals from this system could exceed 1-2 inches in some spots, especially across Illinois, Indiana, and Ohio.
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