DTN Oil Update
Oil prices rose Tuesday morning as ramped up military action in the Russo-Ukrainian war have rendered an imminent peace deal increasingly unlikely.
Oil prices rose Tuesday morning as ramped up military action in the Russo-Ukrainian war have rendered an imminent peace deal increasingly unlikely.
Oil futures dropped to close the week Friday amid slow trading activity ahead the Labor Day holiday.
Oil prices edged lower Friday morning but were still on track for small weekly gains as futures continued to trade in a narrow range.
Oil prices steadied Thursday morning after gaining 1% in Wednesday's session.
Energy Information Administration (EIA) and American Petroleum Institute (API) data showing a drop in U.S. oil inventories for the second consecutive week, as of August 22, set a bullish tone in the crude oil futures market on Wednesday.
Oil prices steadied Wednesday morning after having slipped more than 2% in Tuesday's session.
Oil futures prices settled lower on Tuesday, falling by over $1 and reversing gains recorded during the last four trading sessions.
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Construction Spending; ISM Manufacturing PMI 9 a.m. CDT
Export Inspections 10 a.m. CDT
Grain and Oilseed Crush reports 2 p.m. CDT
Crop Progress 3 p.m. CDT
WeatherA small system continues to produce some showers across the MidSouth on Tuesday. A stronger front is moving into the Northern Plains and will sweep southward through the Upper Midwest throughout the day as well. Scattered showers will be found with both systems and temperatures will drop behind the front across the north again.
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