DTN Oil Update
Oil futures rebounded on Thursday, with crude contracts snapping a four-session losing streak, while refined products ended the session lower.
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DTN Oil Update
Oil futures were mostly higher in early trade, supported by a sharper-than-expected draw in U.S. crude inventories.
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DTN Oil Update
Oil futures edged up on Wednesday following Energy Information Administration (EIA) and American Petroleum Institute (API) data showing draws in commercial crude oil and gasoline, while distillate inventories climbed last week.
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DTN Oil Update
Oil futures were mixed on Wednesday driven by concerns about a potential global oil demand slowdown due to escalating trade tensions, coupled with reports of a draw on commercial crude oil and gasoline inventories last week.
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DTN Oil Update
Oil futures settled lower on Tuesday amid expectations of a global oil demand slowdown, driven by trade tensions between the U.S. and some of its trading partners, as the deadline to impose tariffs starting Aug. 1 approaches.
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DTN Oil Update
Oil futures were under downward pressure on Tuesday, amid expectations of a global oil demand slowdown, as the government of the United States is expected to impose tariffs on multiple trading partners starting on Aug. 1, following a 90-day pause.
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What DTN Is Watching
U.S. Q2 GDP at 7:30 a.m. CDT
EIA Petroleum Status report including weekly ethanol production at 9:30 a.m. CDT
FOMC Interest Rate Decision at 1 p.m. CDT followed by Fed Chair Powell press conference
WeatherA front continues to slowly sag south Wednesday, getting down into the southern Corn Belt overnight. Scattered showers and thunderstorms will continue near the front throughout the day, bringing heavy rain and a low risk of severe weather. Significant relief to the recent heat and humidity is building behind the front, though the heat continues south of it.
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