DTN Oil Update
Crude oil futures settled down almost 4% at the close of the week on Friday, Nov. 21, as concerns about growing global oversupply intensified when U.S. sanctions against Russian companies Rosneft and Lukoil took effect today.
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DTN Oil Update
Crude futures remained under pressure on Friday, Nov. 21, as the official start of U.S. sanctions against Rosneft and Lukoil threatened to leave millions of barrels of Russian oil at sea, adding to a global oversupply...
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DTN Oil Update
Oil prices tumbled by about 3% Wednesday, Nov. 19, morning on the American Petroleum Institute's report of a third straight weekly build in U.S. crude inventories.
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What DTN Is Watching
Early Friday at 7:30 a.m. CST, USDA will release its most recent weekly export sales report with data up to October 16, still working to catch up on missed reports from the government shutdown. The market will also close early at 12:05 p.m. CST.
WeatherSnow and rain will develop across the Plains Friday as a strong low pressure system moves from west to east across the center of the country this weekend. Heavy snow will eventually move into the Upper Midwest Friday night and continue into Saturday as the system moves east. Rain showers and thunderstorms are favored in the Southeast Plains and Southern Delta.
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