DTN Oil Update
The rally in crude futures softened Wednesday, Jan. 21, after U.S. President Donald Trump ruled out the use of force to acquire Greenland.
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DTN Oil Update
Crude futures steadied Wednesday, moving away from recent highs, after U.S. President Donald Trump ruled out the use of force to acquire Greenland.
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DTN Oil Update
Crude futures settled up Tuesday, Jan. 20, extending the rally of the past four weeks, as the dollar tumbled over President Donald Trump's decision to tariff European allies opposed to his plans to acquire Greenland.
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DTN Oil Update
Crude futures rose again Tuesday, Jan. 20, after a four-week rally, spurred by upbeat Chinese economic and oil consumption data.
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DTN Oil Update
Oil futures closed up for a fourth consecutive week on Friday as geopolitical risks curbed traders from adding substantially to short positions despite U.S inventory builds that heightened glut fears.
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DTN Oil Update
Crude futures rebounded Friday from the tumble of the prior session as traders remained wary of near-term risks even as U.S. inventory builds eased immediate concerns over supply.
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DTN Oil Update
Crude futures tumbled by more than 4% Thursday after a wind down in U.S.-Iran tensions snapped a five-day rally in oil.
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What DTN Is Watching
Wednesday is another slim day for scheduled ag related reports, but USDA will release their Bioenergy Statistics update at 1 p.m. CST which offers an interesting look into recent biofuel production and subsequent crop demand from that sector. Otherwise, after a volatile session on Tuesday, equity and other outside markets will be tuned in to the World Economic Forum in Davos, Switzerland where President Trump is scheduled to speak on Wednesday amid heightened tensions between the U.S. and EU over Greenland.
WeatherA pair of clipper systems are moving through the northern tier of the country on Wednesday. Light snow stretches from the Northern Plains to the Great Lakes Wednesday morning while moisture coming up from the Gulf of America is producing some scattered rain in the Delta. Everything will shift eastward throughout the day. Some breezy winds will accompany the second clipper across the Northern Plains as well.
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