DTN Oil Update
Crude prices steadied on Tuesday, Feb. 10, morning while product futures dipped as market participants awaited weekly U.S. inventory data while monitoring the White House's efforts to rein in Iran's nuclear...
Crude prices steadied on Tuesday, Feb. 10, morning while product futures dipped as market participants awaited weekly U.S. inventory data while monitoring the White House's efforts to rein in Iran's nuclear...
Oil futures rallied toward the close of trade Monday, reversing early losses, as the U.S. warned commercial vessels to stay away from Iranian waters to minimize risk of detention.
Oil futures ended broadly higher Friday, Feb. 6, reversing the previous day's tumble on continued volatility over risks related to Iran.
Crude to oil product futures were down Friday morning, Feb. 6, heading for their first weekly drop in seven weeks, as the start of U.S.-Iran talks pared supply risks across energy markets.
Crude and refined product futures fell nearly 3% on Thursday.
Crude oil product futures tumbled about 3% in morning trade Thursday.
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Friday looks to be a mostly quiet session for reports, but traders will tune in at 8 a.m. CST to see if USDA reports any flash export sales. After the close, CFTC will release their Commitments of Traders report which will update trader positions as of Tuesday, February 10.
WeatherThroughout Friday, scattered showers and storms will gradually develop across the southwest Plains as a system from the Desert Southwest arrives. A few marginally strong to severe storms, providing risks for large hail and damaging winds, will be possible across western Texas into central Oklahoma. By early Saturday morning, these areas could see around 0.5-1 inch of rain.
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