DTN Oil Update
Oil prices steadied Friday, Oct. 17, morning and were on track to their third consecutive weekly decline as oversupply woes outweighed geopolitical risks.
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DTN Oil Update
Oil futures fell for a third straight day on Thursday, Oct. 16, after the third consecutive weekly build in U.S. crude stockpiles reported by the Energy Information Administration.
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DTN Oil Update
Crude futures edged higher on Thursday, Oct. 16, morning as traders focused on supply-side risks after the U.S. and its allies stepped up efforts to reduce Russian oil exports.
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DTN Oil Update
Oil futures fell in sluggish trade for a second straight day on Wednesday, Oct. 15, as an intensifying U.S.-China trade battle and fears of oversupply continued to weigh on key crude benchmarks.
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DTN Oil Update
Oil prices edged higher Wednesday, Oct. 15, morning, rebounding from the drop of the prior session that had been pressured by signs of a market tilting significantly into oversupply.
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What DTN Is Watching
No major reports scheduled for Thursday as the government shutdown surpasses the three-week mark. Row crop markets will likely continue to be quiet in nature but also sensitive to trade related headlines.
WeatherA system in the Southern Rockies will be moving into the Southern Plains on Thursday. Scattered showers and thunderstorms will develop across the region, especially Thursday evening and overnight. Some stronger thunderstorms will be possible, as will areas of heavy rain throughout the rest of the week and weekend. Some isolated showers continue across the Great Lakes as well.
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