DTN Oil Update
Oil futures were on track for the fourth consecutive daily gain Tuesday morning.
Oil futures were on track for the fourth consecutive daily gain Tuesday morning.
Oil futures edged up on Monday morning as the U.S. and China began trade talks in London Monday.
Oil futures steadied Friday morning after rebounding Thursday on signs of resuming Sino-American trade talks.
Oil futures rebounded Thursday morning following Chinese state media reporting of a phone call between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.
Oil futures steadied Wednesday morning after two days of gains as supply disruptions were offset by bearish economic data and raised OPEC production targets.
Oil futures rose Tuesday morning as wildfires in Alberta continued to rage, shutting in some 344,000 barrels per day (bpd) in heavy sour crude oil production.
Oil futures jumped Monday morning after OPEC members on the weekend agreed on a 411,000-bpd production hike in July.
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No major economic reports but the market will be closely monitoring Day 2 of trade talks in London between U.S. and Chinese officials.
WeatherDrier conditions briefly return to much of the Corn Belt Tuesday with scattered showers and storms lingering in the Southern Plains, Mississippi Delta, and Southeast. A few of the storms across the South could be marginally severe with damaging wind gusts being the primary threat with any stronger storms that form.
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