DTN Oil
Oil futures closest to delivery on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange settled Wednesday's session higher.
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What DTN Is Watching
USDA's weekly export sales will be out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims and an update of the U.S. Drought Monitor. U.S. existing homes sales in March and the U.S. index of leading indicators are both set for 9 a.m., followed by the Energy Department's weekly natural gas storage report at 9:30 a.m. Traders continue to monitor events in the Middle East with an Israeli attack on Iran looking more likely after Hezbollah attacked northern Israel Wednesday.
WeatherA strong cold front is moving into the Central Plains and western Midwest with areas of scattered showers. The front will continue to move south and east throughout the day. Some areas of severe storms will be possible from Texas into the Ohio Valley. Behind the front, temperatures are dropping and will be quite chilly going into the weekend.
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