DTN Oil Update
Oil prices edged higher Wednesday, Jan. 28, morning as the U.S. dollar continued to weaken.
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DTN Oil Update
Crude futures jumped 3% Tuesday as a four-year low in the dollar drove energy markets, other than natural gas, higher.
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DTN Oil Update
Oil prices extended their rally on Tuesday, Jan. 27, morning as a plummeting dollar drove energy markets broadly higher, while the impact from the weekend's massive Winter Storm Fern fizzled.
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DTN Oil Update
ULSD futures hit a two-month high Monday, Jan. 26, and natural gas rallied as well after a massive ice storm raised heating demand from the Southern Plains to Northeastern U.S.
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DTN Oil Update
ULSD futures continued to rise Monday, Jan. 26, morning as harsh winter weather in the U.S. led to higher diesel fuel and heating oil demand.
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What DTN Is Watching
There are no major USDA or macroeconomic reports scheduled for Tuesday. Ag markets will continue to be in tune to weather happenings around the globe, as well as taking clues from outside markets with Monday's risk-off energy trade a source of pressure to row crop futures to begin the week. Meanwhile, the House of Representatives is set to vote on the Senate approved funding bill to end the partial government shutdown.
WeatherA storm system will move across the South on Tuesday. Scattered rain showers are likely for the Lower Mississippi and Tennessee Valleys, while some light snow will develop across the Ohio Valley. Some other spotty showers will move through the Plains as well, but many areas will stay dry Tuesday.
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