DTN Oil Update
Oil futures were mixed on Wednesday driven by concerns about a potential global oil demand slowdown due to escalating trade tensions, coupled with reports of a draw on commercial crude oil and gasoline inventories last week.
Oil futures were mixed on Wednesday driven by concerns about a potential global oil demand slowdown due to escalating trade tensions, coupled with reports of a draw on commercial crude oil and gasoline inventories last week.
Oil futures settled lower on Tuesday amid expectations of a global oil demand slowdown, driven by trade tensions between the U.S. and some of its trading partners, as the deadline to impose tariffs starting Aug. 1 approaches.
Oil futures were under downward pressure on Tuesday, amid expectations of a global oil demand slowdown, as the government of the United States is expected to impose tariffs on multiple trading partners starting on Aug. 1, following a...
Oil futures settled Monday's session mixed with the ULSD contract closing at a fresh 12-month high while RBOB futures slid to a two-week low amid stricter sanctions on Russian crude oil trade recently imposed by the European Union.
Oil prices rose Friday morning after European Union member states agreed on a new sanctions package targeting Russia.
Oil futures advanced Thursday, driven by renewed geopolitical tensions in the Middle East,.
Oil prices edged higher Thursday morning.
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EIA Petroleum Status Report including weekly ethanol production at 9:30 a.m. CDT
WeatherA slow-moving front is finally on the move out of the Northern Plains and will get into more of the Corn Belt on Wednesday. Scattered showers and thunderstorms are forecast to develop across much of the North-Central U.S. Heat continues to build south of this front and will be oppressive in some areas. A disturbance is also moving across Florida into the northern Gulf of America and will need to be watched for development.
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